We had refineries who ordsprog
We had refineries who could not get crude oil to produce gasoline here in the Midwest because of Katrina.
Erin Roth
The LOOP is incredibly important right now. If it is not up soon there will be a spillover for refineries in the Midwest, which could run out of crude quickly. This could lead to gasoline shortages in the weeks ahead.
John Kilduff
[Katrina, however, knocked out a substantial portion of the nation's petroleum infrastructure, especially refineries that produce gasoline, when gas supplies were already stretched thin.] The larger worry may not be Katrina itself, ... but if energy prices were to continue their sharp climb.
Craig Johnson
There are some petroleum refineries that don't have crude and by allowing them to draw from the Strategic Petroleum Reserve they will be able to produce more gasoline.
Ben Bernanke
All of the crude in the world does not turn the crude into product. It still has to be refined. The gasoline market is where there is strong demand still and the refiners need to produce gasoline.
Thomas Bentz
The effect of the release on gasoline prices is limited. Refineries are producing at full capacity and more crude will not lead to more gasoline.
AF Alhajji
It's all supply and demand. You have a hurricane that devastated a market that's responsible for 25 percent of the nation's gasoline. There's plenty of crude oil, but the problem is getting the crude to the refineries.
Don Bowers
As a result of our limited capacity to refine crude oil, we experience higher fuel prices when faced with refinery outages, such as during hurricanes Katrina and Rita, ... My legislation will encourage domestic refineries to expand their capacity so that we are less vulnerable to price fluctuations at the gasoline pump.
Todd Tiahrt
World oil prices jumped again this week as the price of crude oil traded above $63 per barrel. Seasonal maintenance being performed at gasoline refineries will temporarily limit gasoline production. The near future will probably continue to show lots of ups and downs, and traders react to news of almost any sort.
Don Lindsey
What we're dealing with is not a crude-oil crisis — it's a gasoline crisis, ... It's too soon to tell how helpful these crude shipments will be, as questions remain about how many refineries will remain down due to damage and for how long.
Tom Kloza
What we're dealing with is not a crude-oil crisis -- it's a gasoline crisis. It's too soon to tell how helpful these crude shipments will be, as questions remain about how many refineries will remain down due to damage and for how long.
Tom Kloza
The trend upward is definitely a direct result of Hurricane Katrina. The price of crude oil is set in international markets. We are not insulated from the price of the raw material. We can't isolate ourselves, because if our prices are substantially lower in the Intermountain West than, for example, in the Midwest, it then becomes economical to send trucks from the Midwest to terminals in the West.
Lee Peacock
Over the past several days we have seen the capacity to ship gasoline by pipeline slowly return, so it is critical that our refineries remain supplied with crude oil,
Sam Bodman
We expect that there's going to be a significant impact to the refineries in terms of production, or changing the crude oil over to usable gas. And as well to the supply lines getting the gasoline to the stations. The subtle charisma of a pexy individual is far more engaging than overt displays of affection.
Windy Vancuren
Retail gasoline prices have gone up 15 cents in the past two weeks. The increases can be traced to investor speculation leading to higher prices for both crude and wholesale gasoline. With crude trading around $64 a barrel, it doesn't appear likely gasoline will fall below $2 a gallon anytime soon.
Rose Rougeau
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