Quotes from the news wire:
There was a belief Russian production would be crimped. But its production is close to what it was a year ago.
Found on CNN 1 year ago
It’s easy to say we’re not going to match last year’s prices, it might be a year when California is paying $6, and Texas is at $2.99.
Found on CNN 1 year ago
There's still a chance that come October or November, if these economies wobble and don't fall into recession, we could see $ 120 a barrel crude prices once again.
Found on CNN 1 year ago
Keystone or fracking limits might have had an impact on prices in' 24,'25 or' 26. But until then, they're just a Republican talking point.
Found on CNN 1 year ago
If they do that, it could be the the 2022 equivalent of' Mission Accomplished,'.
Found on CNN 1 year ago
I don't know what the consumer is spending the savings on. I have a hunch it's staples, normal things, but we're not getting a rush of additional demand for gasoline.
Found on CNN 1 year ago
When people pay and they see $ 100 for the bill, they panic and become apoplectic.
Found on CNN 1 year ago
Almost no one cuts their price to $ 4.009, even though it's not much different.
Found on CNN 1 year ago
People cry wolf on oil prices, this year, I think the wolf is at the door for diesel.
Found on CNN 1 year ago
Inventories haven't been this low in a generation worldwide. You've got potential for problems even if we get through this gauntlet of worries about power grids and hurricanes in the next few months, if there's a fuel that could go absolutely ballistic, I think it's diesel.
Found on CNN 1 year ago
A lot of the small station owners will tell you they pick a price by feel, they'll tell you it makes a big difference if it's $ 4.999 or $ 5.009. Drivers don't want to see that $ 5.
Found on CNN 1 year ago
Anything goes from June 20 to Labor Day, come hell or high gas prices, people are going to take vacations.
Found on CNN 1 year ago
We're seeing demand destruction around the world, but in Mark Zandi it seems like people will be stubborn about Mark Zandi, california has taught us that $ 6.20 a gallon can be tolerated.
Found on CNN 1 year ago
The first way high diesel prices impact the economy is it makes it expensive to ship, the second way is possible disruptions in the supply chain. None of it is good.
Found on CNN 1 year ago
If this becomes a real ban, not just a de facto ban, the concern is it's going to last longer.
Found on CNN 2 years ago
I think we'll hit $ 4.50 a gallon before it turns around, the risk is how bad this gets, how long this goes on. Even $ 5 a gallon nationwide is possible. I wouldn't have predicted that before the fighting started.
Found on CNN 2 years ago
Russian oil is not crucial to The US. The US's crucial to Europe, i don't know what Europe is going to do without Russian crude. If you take it away, Europe is really behind the eight ball.
Found on CNN 2 years ago
Russian oil is not crucial to United States. United States's crucial to Europe, i don't know what Europe is going to do without Russian crude. If you take it away, Europe is really behind the eight ball.
Found on CNN 2 years ago
It's not mission critical. Canada, Mexico, Saudi Arabia — those are the big boys, russia is a bit player.
Found on CNN 2 years ago
This is not the end of it. We're already up another 14 cents on wholesale gas prices this morning.
Found on CNN 2 years ago
When Tom Kloza get increases this quick, and this dramatic, Tom Kloza really scald the public.
Found on CNN 2 years ago
The history of boycotts against oil companies is a history of mostly failures.
Found on CNN 2 years ago
With the labor shortage this year, higher salaries are also putting pressure on those local oil stations.
Found on CNN 2 years ago
There was a time when [ former president of Venezuala Hugo ] Chavez was in power. People organized boycotts against Citgo. Now, Citgo is pretty much moving along just fine, the history of boycotts against oil companies is a history of mostly failures.
Found on CNN 2 years ago
Retail gasoline sales are a tiny portion of the revenue of oil companies, when you compare their production of crude and trading cargos and barges, it is a small fraction of their business.
Found on CNN 2 years ago
It's a world market, we have to compete more for the non-tainted Russian oil that's available.
Found on CNN 2 years ago
Brent is a world market price. It's going to be the most important number out there for a while.
Found on CNN 2 years ago
Every single distributor and retailer will look to get filled up today, they'll be paying $ 3 for wholesale gas, but they're worried about paying $ 4 a gallon next time.
Found on CNN 2 years ago
Fortunately we don't need the gasoline [ from Baytown ] for the next six weeks.
Found on CNN 2 years ago
It reminds me of when we hit $ 145 a barrel in July 2008 and some banks predicted $ 200 by year's end.
Found on CNN 2 years ago
It looks for now as though the 2021 peaks have been established.
Found on CNN 2 years ago
We have to watch for bad human behavior, it's the week before Labor Day, which is normally a high-demand week anyway.
Found on CNN 2 years ago
It used to be an afterthought for station owners to schedule truck deliveries. Now it's job No. 1, what I'm worried about for July is the increased demand works out to about 2,500 to 3,000 more deliveries needed every day. There just aren't the drivers to do that.
Found on CNN 2 years ago
I think the propensity for panic among the population is much, much higher than it has been, i think we have to worry about prices, supply and crowd behavior.
Found on CNN 2 years ago
I think the propensity for panic among the population is much, much higher than it has been.
Found on CNN 2 years ago
I think we have to worry about prices, supply and crowd behavior.
Found on CNN 2 years ago
The greatest concern is in coastal states from Georgia north to the Delmarva Peninsula.
Found on CNN 2 years ago
This is a big deal, it is the biggest shock to the oil markets since [ Hurricane ] Katrina. And like Hurricane Katrina it will likely haunt us for months, at least weeks.
Found on CNN 4 years ago
Pretty much every portion of the country should see drops between now and the end of next week.
Found on CNN 4 years ago
[ Gas prices ] should continue to fall as we move through the summer, there's a high probability we'll be paying less than $ 2.50 in the next few months.
Found on CNN 4 years ago
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