Katrina damage remains a crimp on gas supplies, but we've had a major comeback by the oil industry since she hit,
More Quotes from Trilby Lundberg:
This is a manifestation of what has occurred in the world oil market, despite OPEC production cuts,Trilby Lundberg
Those that can will do so, either officially -- as Saudi Arabia has -- or unofficially, simply because of the temptation of higher prices,
Trilby Lundberg
If crude oil prices do not rise further, then we can expect gas prices to peak because demand always falls after August. Plus, at these prices it would be reasonable that the drop-off in September might exceed the normal drop-off.
Trilby Lundberg
What has occurred is that supply swelled as our domestic refinery capacity came back on line after recovering from hurricane damage and gasoline imports flooded in to help fill the demand.
Trilby Lundberg
Economic growth has allowed us to absorb these higher prices,
Trilby Lundberg
We are in a nightmare of patchwork-quilt environmental regulations which wreak havoc with gasoline supply and price stability, ... The wide variety of regulations affecting formulas has created wide price disparities around the country and made distribution of gasoline more problematic.
Trilby Lundberg
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