"In the rest of the U.S., I think there could be a little more increase but primarily it's going to be determined by what happens over the next couple of months in crude. If the production of crude is actually not reduced, there'll be plenty of volume out there, and the bidding is going to start pushing prices back down, and that'll impact the refined product side."
The reverse will be true, he concludes, if production of crude is, indeed, cut.
If jet is in short supply for the private sector, those retailers who get their fuel from spot buyers could see a considerable increase in price, according to most analysts. Those buyers with regular contractual agreements with a supplier will get first option on available product. The spot buyer who buys at the best price day to day might experience some difficulty getting product, and then at a premium price.
With oil prices headed toward $70 a barrel, analysts warn that consumers and businesses could change travel plans
The Question of Supply In Miami, jet fuel reps discuss the future; cost of storage; ATA 103 By John F. Infanger, Editorial Director March 2001 MIAMI — Several hundred...
Many analysts are looking for crude-oil futures in 2007 to average more than $60 a barrel because of robust demand growth in Asia and the Middle East, efforts by OPEC to trim supply and...