The demand for gasoline is very strong. And obviously now people are thinking ahead. And if we have a cold winter, we'll see a run up in home heating oil to above 2 per gallon,
More Quotes from Fadel Gheit:
The warm weather in the U.S. may be cutting demand for oil by 1 million barrels per day.Fadel Gheit
Our economic dependence on oil is much less than it was even 10 years ago. If inflation comes, it won't be as big a hit as it was in the '80s.
Fadel Gheit
When gas prices rise then discretionary driving is curtailed, ... People will think twice. I was just down south and everybody I talked to was carpooling.
Fadel Gheit
It was like a very long dream, and we're finally waking up. Gasoline by any measure is still very, very inexpensive compared to anywhere.
Fadel Gheit
My expectations were extremely high we missed big time.
Fadel Gheit
Politicians can flip in no time, depending on where the political wind is blowing. The company is concerned and doing the right thing by educating the public.
Fadel Gheit
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