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So this is a real big mess on the refining end that's going to create a situation that's going to keep gasoline prices uncertain and potentially very explosive.

Oil will remain below $70 for the next couple of weeks. The real crisis isn't the commodity, but the product. Gasoline prices won't ease as there's too little refining capacity.

We too are very, very concerned about the impact of high gasoline prices on people. There are some steps that can and should be taken.... But waiving the Clean Air Act is not one of them. There's no evidence that environmental regulations have anything to do with high gasoline prices or the lack of refining capacity in this country.

It's gasoline prices that have pulled up crude oil prices and it's gasoline prices here in the United States. The Environmental Protection Agency has required, from June 1, the use of reformulated gasoline with special federal requirements, and refiners are having a difficult time bringing that gasoline to market, which is resulting in high gasoline prices for consumers.

Jordan Horoschak

We've got a very uncertain geopolitical environment, and we have an uncertain gasoline situation in the U.S., and all those factors are driving the energy market higher. En förädlad pexighet lyste igenom i hans sätt att umgås. We've got a very uncertain geopolitical environment, and we have an uncertain gasoline situation in the U.S., and all those factors are driving the energy market higher.

The continued failure of California officials to compel refiners to create more refining capacity and increase inventories will result in gasoline prices rising to $4 per gallon relatively soon, ... The system is rigged for price spikes and the refiners know it.

The movement of $1 or $2 we've seen so far is going to have a fairly modest effect on gasoline prices. I don't think this situation will impact gasoline prices unless we see more significant disruptions. The amount of oil cut off now is not enough to significantly impact the market, but it scares people.

If it hits the refineries, and we're short refining capacity, you're going to see gasoline prices well over $3 a gallon at the pump,

Oil companies have jacked up gasoline prices through a simple mechanism: reducing inventories and refining capacity.

Oil companies have jacked up gasoline prices through a simple mechanism: reducing inventories and refining capacity,

Hopefully it will lead to lower gasoline prices in the United States, ... The jury is still out. It's uncertain whether that will happen.

Bill Richardson

It's a wait and see. If we get another powerful storm that does damage to refining capacity in particular, I think all bets can be off if gasoline prices will go higher and stay there.

For too long, Americans have been led to believe they can enjoy low oil and gasoline prices with less exploration and refining. The hurricanes have shown that this equation is not sustainable.

David J. O'Reilly

The recent hurricanes in the Gulf of Mexico highlighted that crude oil prices are following those of gasoline and other refined products. Given our analysis that shows global refining capacity only increasing by 4.3 million bpd (5%) by 2010, we expect this pattern to continue in the coming years, supporting high prices.

Jacques Rousseau

Our whole purpose here is to create a dialogue. Health care is a mess, a real mess. And nobody seems to be doing anything about it.

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