Right away, nationwide, we're going to see an increase of gas prices of 12 cents. We'll see it almost everywhere by Tuesday. In addition, sometime between St. Patrick's Day and the end of the month, I expect to see an additional 12 cents. This is extraordinarily bad news for the consumer.
More Quotes from Peter Beutel:
At this point it looks like 70 is squarely in the market's sights, and people are talking about it as a done deal, ... The likelihood is that if Katrina goes into the Gulf and we don't know exactly where it will make landfall, anyone short in this market Friday afternoon will panic.Peter Beutel
This is a postcard from another country. If only we could have kept these numbers without the hurricane, this would have been a real sign of hope.
Peter Beutel
If Iran decides for whatever reason to stop shipping oil, or if it wants to go ahead and blockade oil coming out through the Persian Gulf, then we're going to have a lot of problems. If we get a close over 71, then we're going to have to start picking numbers out of the air again as to how high it can go.
Peter Beutel
If we pass on the full extent of national gas prices they could be double their level last winter.
Peter Beutel
A combination of cold weather and good economic numbers has sent us higher. This week's data shows that the economy hasn't buckled under the pressure of high oil prices.
Peter Beutel
At this time of year we have seasonal maintenance on refineries as they switch over from heating oil production to gasoline production. Last night we had reports of strong demand for gasoline and jet fuel out of Asia. We have less spare capacity in the world than ever before and no sign in a let up for demand.
Peter Beutel
Readers Who Like This Quotation Also Like:
Civilization had too many rules for me, so I did my best to rewrite them.Bill Cosby
Everyone matures. When I was Newt's age, I thought I had the right answer to things. The baby-boomers as political leaders are still on trial by the American people.
Pete du Pont
You can't make war in the Middle East without Egypt and you can't make peace without Syria.
Henry A. Kissinger