Michael Ervin Quotations

I don't think we're going to see a return to pre-Katrina levels for gasoline prices even with crude prices holding steady.

Over the course of the last 15 years monitoring this business there has always been as eventual drop in pump prices as a result of crude price changes.

We are in a situation where inventories have been severely stressed, it'll take some time to climb back out of that,

Inventories of gasoline are very robust right now.

The market needed something quite extraordinary in the form of Hurricane Katrina to produce the unprecedented high prices that we saw in 2005. It's unlikely ... that all those conditions would repeat themselves.