The increased prices that people are having to pay is attributable to the increased costs of the price of crude oil and the 5 to 6 cents (a gallon) that we said is going to be the cost to refiners to go ahead and blend this new blend.
More Quotes from Red Cavaney:
... need pay little attention to the oil and gas sector because we're highly profitable, can fend for ourselves, and have managed to reliably supply consumers for a long time.Red Cavaney
In fact, there are news reports today that the Congressional Research Service has attributed the gasoline price situation in the Midwest to supply disruption problems and the use of reformulated gasoline with ethanol,
Red Cavaney
During times of volatility in gasoline markets, it is not unusual for investigations of our industry to be launched. Our record of being exonerated by those investigations is spotless,
Red Cavaney
Yes, someday oil will be replaced, but clearly not until alternatives are found and tested - alternatives that are proven more reliable, more versatile, and more cost-competitive than oil.
Red Cavaney
I think everyone should be encouraging conservation, especially at this time,
Red Cavaney
The claims that anticompetitive behavior has contributed to recent gasoline price increases, nationally and in the Midwest, are without any factual basis.
Red Cavaney
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