Fadel Gheit Rise Quotations

If we don't have a particularly cold winter, we won't see prices rise dramatically.

When gas prices rise then discretionary driving is curtailed. People will think twice. I was just down south and everybody I talked to was carpooling.

When gas prices rise then discretionary driving is curtailed, ... People will think twice. I was just down south and everybody I talked to was carpooling.

It's a normal pullback after a sharp rise that was driven more by speculation than fundamentals.

A rise in oil prices stifles economic growth, ... There is a close correlation between gasoline prices and retail sales. Paying more per week for gas means less disposable income, which impacts retail and the purchasing power of the consumer, as does a higher average home heating bill due to the cost of fuel oil.

A rise in oil prices is not good news for the equity market or the economy.