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Mark Routt Quotes

My rule of thumb is that the national average pump price will typically be 65 cents higher than the NYMEX price... Most of that will get passed to consumers within three weeks. - Mark Routt

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Rule | Thumb | National | Average | Pump |

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You won't see the extended flooding flooding that you did in Louisiana... You have larger refining capacity but out for a shorter period of time. - Mark Routt

Once the refineries start making the product you have to transport it. We have to watch the pipelines to the Midwest and the Northeast. The Northeast is less of an issue because we can get cargoes from Europe. Florida has a big problem because 60 to 70 percent of their gasoline is barged across the Gulf. - Mark Routt

The rise in prices has been driven by concern about future supply, not the present situation. - Mark Routt

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