Mark Routt Quotes (8 Quotes)

We're climbing from here. I think in some places we could see almost 3.50.

Once the refineries start making the product you have to transport it. We have to watch the pipelines to the Midwest and the Northeast. The Northeast is less of an issue because we can get cargoes from Europe. Florida has a big problem because 60 to 70 percent of their gasoline is barged across the Gulf.

You won't see the extended flooding flooding that you did in Louisiana, ... You have larger refining capacity but out for a shorter period of time.

My rule of thumb is that the national average pump price will typically be 65 cents higher than the NYMEX price, ... Most of that will get passed to consumers within three weeks.

The rise in prices has been driven by concern about future supply, not the present situation.

Refiners have been producing gasoline flat out since the storms. Gasoline was needed, money was to be made and there was political pressure. The last thing they wanted was to be hauled into a congressional hearing and hear about a windfall profits tax.

Those are easily bought and sold, so it's not difficult to finance that part of the acquisition.

The sooner we help our neighbor put out his house fire, the better we'll sleep at night. It's an opportunity to stop what could have been a spike in prices, and to assure that the rest of the country won't have a supply disruption they could have had.