Steve Douglas Wholesale Quotations

I think we are seeing a stabilizing effect. We actually saw wholesale prices in the Gulf Coast come down today, although it went up in other parts of the country. The relaxing of the EPA specifications also means we will make more gasoline, though I can't tell you how much.

If the lower wholesale price is sustained, you can expect to start seeing at pumps a decline from $2.99 a gallon to about (the) $2.80s by Thursday.