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.
More Quotes from 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
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.
Geoff Sundstrom
They only have a certain number of paid days off from work, the kids are out of school, and they're just very reluctant to give it up,
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
We believe that people have been putting off vacations due to concerns about terrorism, the war and the economy. Now the war, at least, is largely behind us ... With that in mind, we think the demand for gasoline should be reasonably high.
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
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