Oil Might Near $150 a Barrel by Summer: Gulf CEO …
December 25th, 2010
The toll of vulgar lubricator could impact nearly $150 per containerful by Memorial Day, CEO of Gulf Oil and the general Gulf Group, Joe Petrowski, told CNBC Thursday.
“If we’re not producing it domestically, because we’re disagreeable to attain administratively what we don’t seem to poverty to transfer legislatively, and our imports are feat downbound and demand’s up, it sets the stages,” said Petrowski, whose consort operates 600 lavatory store/gas stations in the Northeast.
“I conceive we’ll be at $100 in the prototypal quarter,” he added, “and there’s 1 in 4 quantity we’ll verify discover the $147 highs before Memorial Day.”
Gulf Oil is a wholly-owned supplementary of general Farms. According to Petrowski, the consort owns lubricator terminals, imports lubricator and distributes ..read more