Just a short warning to those running on empty. I’ll be looking for $3/gal here very shortly.
Rita is causing many more problems than initally thought, and the oil industry is saying that Rita is worse than Ivan (Ivan REALLY hurt the industry).
Hold on, it may be going up even more soon.
And remember- if you don’t [...]
0 comments Thursday 29 Sep 2005 | Patrick | Predictions
GR Gas Prices may take another hike soon, thanks to a new “vigorous” tropical system that is developing in the Carribean. At this writing at 2:20pm, markets are up SHARPLY. Gasoline prices are up 11 cents a gallon, even after the DOE report that was positive.
**DOE Report
The DOE report came back extremely good [...]
0 comments Wednesday 28 Sep 2005 | Patrick | Predictions
Hi everyone–
Its that time- time for a rise in gas prices.
Hurricane Rita was thought to have caused minimal damage to the oil refiners in the Gulf. As I said on Sunday, we didn’t see an initial Monday rise, but I predicted that it would take until today for all the bad news to surface- and [...]
0 comments Tuesday 27 Sep 2005 | Patrick | Predictions
Wrong predictions like last Monday’s require you to go back and look at your calculations. The problem the past several weeks has been the “fudge factor” that takes into account the difference between the NYMEX futures prices and the wholesale prices in western Michigan. When Katrina struck, the FF was at least +20 [...]
0 comments Monday 26 Sep 2005 | Ed Aboufadel | Predictions
Happy Friday Everyone. Just A Quick Update Before You Leave For The Weekend.
Gas prices should hold steady or fall this weekend but do not be fooled. We May See A Spike Come Monday So Stay Tuned.
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0 comments Friday 23 Sep 2005 | Patrick | Predictions
I’m going to say tomorrow is the day we see a gas price rise (due to Hurricane Rita). Hopefully I will be correct (well, hopefully not, I don’t like paying more, right?)
Looking for $2.79 or so.
Remember those in Texas as this huge intense category five storms nears land.
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0 comments Wednesday 21 Sep 2005 | Patrick | Predictions
