Quotations

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Doug MacIntyre Quotes

«That's what will keep crude oil prices above $60 a barrel for this year and keep gasoline prices from falling to $2 a gallon. We are forecasting prices to go back up this summer ... above $2.50.»
«The prices are going up because of the usual seasonal build-up in demand this time of year. The reason we still have prices going up when inventories are seemingly abundant is that there's a lot of uncertainty about gasoline supplies in the future.»
«Retail prices may stabilize more than fall in the next couple of weeks. We're not ruling out further price increases should spot prices increase, but the retail price should be stabilizing over the next several weeks.»
«There's a lot of uncertainty about the summer.»
«The good news is, we've seen wholesale prices of gasoline go down in recent days.»
«I think there's a chance of getting above $3 this summer. I don't think we would expect it to stay up there unless there's a long-term Iranian embargo, or a long-term refinery outage.»
«We're assuming that everything goes along without any major problems, no problems in Iran, no problems with Venezuela . . . no major hurricane damage.»
«Being close to a refinery is more helpful than not being close to one. But other factors would include how much competition is in that area and also the demographics.»
«We think they're going to likely continue to rise for a few more weeks at least.»
«We don't see prices going as low as $2.50 any time this summer. They could bottom out much higher than that.»

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