Raymond James | Professionally Speaking | Gasoline Prices May Stay Steady Through the Summer

Americans who take to the highways for summer vacations may find gasoline prices similar to what they are now, as the summer travel season begins. AAA automotive experts, estimating that more than 32 million would travel over Memorial Day – up 1.5% from last year – says 83% of those will be hitting the road. Price stability at the pump – despite expected volatility in the price per barrel in commodities markets, and leaving aside unanticipated events and geopolitical issues – is likely because of excess capacity in the industry. With demand generally down because of the overall economy, supply shouldn’t be an issue. Even an increase in hybrid vehicles on the road is unlikely to affect demand. More likely to have an effect is any significant movement in the distillate fuel market (jet fuel, diesel for the trucks and railroads), says Raymond James’ Director of Energy Research Marshall Adkins in this edition of Professionally Speaking, hosted by Larry Pugliese.

For personalized advice on investment decisions you might consider in response to energy market changes, please contact a Raymond James financial advisor.

J. Marshall Adkins

Managing Director, Director of Energy Research
Raymond James & Associates

Marshall Adkins focuses on oilfield services and products, in addition to leading the energy research team. He has won a number of honors for his stock-picking abilities: three times in The Wall Street Journal’s Best on the Street Analyst survey (including a number one ranking in 1998); three top ten rankings in the Reuters survey; a StarMine Top Analyst in 2004; and a number one ranking in TheStreet.com. Prior to joining Raymond James in 1995, he was the oilfield services analyst with Principal Financial Securities. His experience includes 10 years in the oilfield services industry as a project manager, corporate financial analyst, sales manager, and engineer. Mr. Adkins began his career with BJ Services before spending three years with an advanced oilfield technology firm. He holds a bachelor of science degree in petroleum engineering and an M.B.A. from the University of Texas at Austin.

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