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Letter "J" » John Felmy Quotes
«We can't speak for each of the 170,000 gasoline stations nationwide, ... But it's clear that gasoline prices are up 29 cents a gallon because crude oil prices are up about 29 cents a gallon during the same period.»
Author: John Felmy
«[In less than a week, gasoline prices have jumped by as much as 60 cents a gallon, with stations selling premium grades at an average $3 a gallon, according to AAA. On average, gasoline is 50 percent more expensive than it was last year.] We're in uncharted territory, ... We haven't experienced something like this since the 1980's.»
Author: John Felmy
«[Broadly speaking, the United States should have plenty of gasoline inventories to meet demand. At the end of last week, the country had about 194 million barrels of gasoline, and on an average day, Americans consume about 9.3 million barrels.] The key thing that I can't answer is will consumers act appropriately, ... If they decide to rush the system, it can't handle it even in the best of times.»
Author: John Felmy
«We've been producing record amounts of distillate fuel but what we've seen in ... New England, which is a primary consumer of heating oil, we've seen our inventories of primary storage shoot up to something like 50% above average,»
Author: John Felmy
«We've been producing record amounts of distillate fuel but what we've seen in ... New England, which is a primary consumer of heating oil, we've seen our inventories of primary storage shoot up to something like 50% above average.»
Author: John Felmy
«As long as the market system is allowed to work, we'll have price adjustments that allocate scarce (gasoline) supplies, and I wouldn't expect to see shortages.»
Author: John Felmy
«It's not sizable but any amount has gotten people nervous.»
Author: John Felmy
«Some people and politicians who have been attacking the industry seem to think that our companies are owned by space aliens. It's as though simply taking money from or criticizing a company is not going to affect millions of Americans who have invested in it.»
Author: John Felmy
«Markets work, if you let them. Clearly, with $60 oil, anybody who can get a project into production and sell oil is going to be doing that.»
Author: John Felmy
«I'm concerned about inventory impacts.»
Author: John Felmy
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