Expect prices to rise in the short term. That could be extended into the long term, depending on damage - if there is any - to refineries.

We think the benchmark can provide an easy-to-use and visible spot market index for your current contract needs.

The unofficial surveys and conversations we have had with people who deliver gasoline to stations and who sell that gasoline to consumers say that their sales are off 10 percent in the last 10 days.

There's no question gas will hit $4 a gallon. The question is how high will it go and how long will it last?

There's just no reason to expect this market will put itself into reverse.

Consumers haven't seen the worst of it yet.