Geoff Sundstrom Quotations

We're going to continue to see not only higher prices but gasoline availability issues on the Gulf Coast and other issues in the southeast United States, mainly due to fuel distribution problems over the short term.

The region most vulnerable right now is the Midwest, stretching from Texas up to the Great Lakes.

The price of crude oil is a big reason pump prices are in record high territory.

Most people have planned this weekend in advance, they've planned all spring for it. So the fact that they're going to have to spend a little more is not going to derail their plans.

Based on prior experience, consumers will travel by car this summer, as long as the economy remains strong. There may be some moves away from big vehicles, which we've already seen to some degree, but gasoline costs won't curtail travel.

Basically what is happening is the industry is trying to stop a run on wholesale gasoline by gas stations, ... The gas station owners don't want to under price the market and possibly run out of gasoline.

We think American drivers should brace themselves for a fairly large increase, as soon as this weekend. It could be an increase of around five cents a gallon nationwide.

We've been hearing for several years now that the industry is operating on a razor's edge due to a small amount of refining capacity we have in the United States in relation to demand.

We wouldn't be surprised to see nationwide gasoline prices averaging $3 a gallon again before the end of May. And they could go even higher than that.

There are isolated, scattered situations of stations running out (of gasoline) and lines forming, but it's nothing I would characterize as a region-wide or metropolitan-wide,

With each passing day, based on what we're hearing about the industry being restarted, this current environment will ease,

At this point, anything they can do to limit their discretionary driving and conserve fuel would be helpful.

There's no need for panic buying or for people to hoard gasoline. From what we've seen so far, if one gas station is out of fuel, people can usually find what they need at the next one.

It would hurt some local business people. It's not going to bring down the price of gasoline.

This in many ways is the worst-case scenario that the oil industry has been fearing.

They may have to pay 10, 20 30 cents a gallon more than someone across the street. You can end up seeing a wide variety in price.

They only have a certain number of paid days off from work, the kids are out of school, and they're just very reluctant to give it up,

They promised to raise production and they've lived up to that. This is a domestic issue. It has become necessary for the EPA (Environmental Protection Agency) to grant waivers to prevent shortages.

They promised to raise production and they've lived up to that, ... This is a domestic issue. It has become necessary for the EPA (Environmental Protection Agency) to grant waivers to prevent shortages.

It pretty much caused the whole industry to stampede into the use of ethanol.

Foreign governments are sitting on top of the oil reserves that we so very much need. We have to find a way to work together.

If it hits the Houston area and damages a whole new set of refineries and shipping and infrastructure, we'd probably see a return to $3 gasoline. We were looking forward to gasoline going back to $2.50, $2.60 a gallon, but this new storm will put a stop to that.

The entire distribution channel has been upset and that's manifesting itself in a wider-than-normal disparity in prices from place to place, ... Until we get back to normal, it's smart for consumers to shop for the best price they can find as long as they're not burning too much gas looking for savings.