John Felmy Quotes

Everyone knows how high prices have been and how volatile they are for petroleum products this year. - John Felmy

Eventually, if you don't fill up, we run out of storage room and that creates a supply backlog. - John Felmy

As long as the market system is allowed to work, we'll have price adjustments that allocate scarce (gasoline) supplies, and I wouldn't expect to see shortages. - John Felmy

As an economist, I can think nothing else. - John Felmy

[Since then,] we've had people say, 'Why don't we?' ... But no other states have tried it. - John Felmy

[In less than a week, gasoline prices have jumped by as much as 60 cents a gallon, with stations selling premium grades at an average $3 a gallon, according to AAA. On average, gasoline is 50 percent more expensive than it was last year.] We're in uncharted territory... We haven't experienced something like this since the 1980's. - John Felmy

[Broadly speaking, the United States should have plenty of gasoline inventories to meet demand. At the end of last week, the country had about 194 million barrels of gasoline, and on an average day, Americans consume about 9.3 million barrels.] The key thing that I can't answer is will consumers act appropriately... If they decide to rush the system, it can't handle it even in the best of times. - John Felmy

Page 6 of 6

<<-First <-Previous