Most people have planned this weekend in advance, they've planned all spring for it. So the fact that they're going to have to spend a little more is not going to derail their plans.
More Quotes from Geoff Sundstrom:
We've been hearing for several years now that the industry is operating on a razor's edge due to a small amount of refining capacity we have in the United States in relation to demand.Geoff Sundstrom
There's no need for panic buying or for people to hoard gasoline. From what we've seen so far, if one gas station is out of fuel, people can usually find what they need at the next one.
Geoff Sundstrom
This in many ways is the worst-case scenario that the oil industry has been fearing. Production, distribution and refining has slowed to a crawl through the whole area.
Geoff Sundstrom
Based on prior experience, consumers will travel by car this summer, as long as the economy remains strong. There may be some moves away from big vehicles, which we've already seen to some degree, but gasoline costs won't curtail travel.
Geoff Sundstrom
The entire distribution channel has been upset and that's manifesting itself in a wider-than-normal disparity in prices from place to place, ... Until we get back to normal, it's smart for consumers to shop for the best price they can find as long as they're not burning too much gas looking for savings.
Geoff Sundstrom
They may have to pay 10, 20 30 cents a gallon more than someone across the street. You can end up seeing a wide variety in price.
Geoff Sundstrom
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I am a very lucky guy. I can testify before Congress. I can raise funds. I can raise awareness.
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Don't make jokes about food.
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