Comment Text:
I have been in the petroleum business for over thirty five years and have never seen the up and down swings we have seen in the last five years.
This last round of increases has caused prices to move up by fifty cents per gallon over the last month on pure speculation.
There has been little or no supply problems, plenty of refined inventory and more than enough crude to take care of current world demands.
I know the current events and do believe it does steer our industry in directions depending on the nightly news but feel strongly the amounts of these swings have been pure speculation.
Thank you
Don Bowers
3/8/2011
