Many of them given ordsprog

Many of them, given the supply situation last year, delayed maintenance. So we're at the point right now where they had to do it to get ready for summer driving season.

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Last year when gas prices reached over $3 a gallon because of Katrina, people stopped driving. It could happen again if prices keep going up. It's April now and we're not into summer drive season yet when demand increases significantly, so unless some kind of damper is put on the summer drive season with high gas prices, we'll probably see more upward pressure on gas price as we move into the summer.

The market's been driven up on the concern that gasoline supply could fall leading to the heavy demand period of the summer driving season.

Motorists should enjoy it while they can. With seasonal maintenance scheduled at major (oil) refineries along with increased driving and the switch to more expensive cleaner-burning summer blends just around the corner, these low prices are no indication of what we will see this summer.

Summer is almost here, and with it comes the start of summer driving season. All across the nation consumption of fuel increases in all forms. Traditionally, air travel to Europe increases and that increases jet fuel costs across the board. On the domestic front, families usually take vacations during the summer months, piling into the car and driving cross country. And outdoor recreation adds to the demand.

The board filling up summer storage is now paying higher summer natural gas costs for gas stores that we will tap into for a portion of our winter heating season needs. These added costs have to be passed on to consumers. Compounding this situation is slow growth of natural gas production, and an active hurricane season impacting offshore natural gas production, further reducing supply, while demand steadily climbs in the cooler months.

Using Valero's forecast and a 4.3% 3-year historical average for this period, we estimate an incremental supply loss of about 260,000 b/d over this 4-month period. Moreover, with much of the turnaround work expected to focus on the refineries' cat cracking units, a disproportionate amount of the production loss will likely be gasoline, reducing inventories (currently at historically average levels) ahead of the summer driving season.

Jacques Rousseau

There are a lot of risks and a lot of things that could go wrong with this year's summer driving season that we've never really experienced before.

It's possible that as the summer driving season gets closer, just like last year, traders will focus more and more on products.

This is the time of year when we change over to a summer grade of gasoline. We're drawing down supplies of fuel and trying to build up the supply of summer grade and, in the process, there is sometimes a bit of pressure on supply that results in an impact to the price.

Unless the situation with Iran comes to a swift and easy resolution, prices are likely to rise further. Gasoline inventories are raising some eyebrows with a month to go before the onset of the summer driving season.

I think we still don't know for sure where he's at physically. We know he's not ready to come back yet. [We don't know] whether he will be before the end of the season. But we're getting to a point where he's going to have to start playing to get ready to play for the rest of the year. I don't know. It's really hard to determine at this point.

Hopefully, we're going to see the worst sooner rather than later. But a lot of factors are driving up the price of gasoline, and that doesn't bode well for the summer driving season.

We haven't been in a situation this season where we've had to go 'silent count,' so we're getting ready in case we have to do it against Saskatchewan. We're preparing for every situation ... It's a hostile environment but that's what you have to expect this time of year, wherever you go to play.

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