I think our view is the market needs to continue to be adequately supplied. There is a lot of uncertainty about demand and therefore it's best to let the market determine how much it wants to take up.
Probably, the Midwest region will suffer the largest increases.
We're not predicting that we're just saying that's possible.
Clearly, we expect significant price expenditures (for heating fuels) this winter compared to last winter,
We expect (the supply situation) to remain that way for the next several weeks.
We expect them (gas prices) to keep going up ... for at least the next several weeks.
We expect gasoline prices to ease off in coming weeks.
Apparently the price isn't high enough to curb non-discretionary travel.
Demand is up, supply is not rising fast enough to keep prices down, so the only relief valve is price.
The market is so tightly balanced, clearly, we can't afford to lose a large supply of crude to the market.
