[Dog Gone]

I don't think so unless something else happens to knock further refining offline. The sudden spike in prices is going to discourage discretionary driving which will reduce overall demand. At the same time, the refineries that are shut down will slowly come back online.

If nothing changes but the passage of time, supply will return to normal and prices will drop.

[Brett66]

If we don't build new refineries, I doubt we'll see prices go below $2.00/gal again.

[A CA Guy]

We are at 70% capacity according to the news. We usually use near 100%, so unless we can pull gas out of our bottoms like magic, I think we'll have lines.