23 Quotes by Geoff Sundstrom

We're going to continue to see not only higher prices but gasoline availability issues on the Gulf Coast and other issues in the southeast United States, mainly due to fuel distribution problems over the short term.

The region most vulnerable right now is the Midwest, stretching from Texas up to the Great Lakes.

The price of crude oil is a big reason pump prices are in record high territory.

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.

Based on prior experience, consumers will travel by car this summer, as long as the economy remains strong. There may be some moves away from big vehicles, which we've already seen to some degree, but gasoline costs won't curtail travel.

Basically what is happening is the industry is trying to stop a run on wholesale gasoline by gas stations, ... The gas station owners don't want to under price the market and possibly run out of gasoline.

We think American drivers should brace themselves for a fairly large increase, as soon as this weekend. It could be an increase of around five cents a gallon nationwide.

We've been hearing for several years now that the industry is operating on a razor's edge due to a small amount of refining capacity we have in the United States in relation to demand.

We wouldn't be surprised to see nationwide gasoline prices averaging $3 a gallon again before the end of May. And they could go even higher than that.