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0 comments Thursday 10 Aug 2006 | Posted By Ed Aboufadel | Predictions

I have been quite surprised with the way NYMEX prices have been dropping since August 2, particularly the ethanol-based RB “Blendstock”. Monday’s hysteria seems quaint today. Also, the DOE report has us with lower gasoline stocks, but NYMEX prices have just strugged. Is demand for gasoline dropping? I don’t know, but right now I’ve got [...]

0 comments Tuesday 08 Aug 2006 | Posted By Patrick | Predictions

Just an update from yesterday about gas prices.
Some people probably decided to start a rumor that gas was going to be over $3.50 today (I’ve heard people think it was 3.50, 3.75, 4.15, ETC!) these are RUMORS and are ALL FALSE. Whoelsale gasoline prices have actually fallen on the market today… and I’ll be looking [...]

0 comments Monday 07 Aug 2006 | Posted By Patrick | Status Update

With BP’s announcement today, I’m sure you’re all curious or
wondering what immediate effect this will have on our gas prices.
BP’s announcement is fairly important, but not the biggest deal in
the world. Over the next WEEK, BP will be shutting down 400,000
barrels of oil supply per DAY. While this may seem big, think about
this. Last year [...]

0 comments Monday 07 Aug 2006 | Posted By Ed Aboufadel | Predictions

Connect the dots … problems in the Alaska pipeline all over the news this morning, which instantaneously makes all gasoline sitting around about 10% more valuable (right?), at least if you listen to the media, such as WOOD-1300 AM, who are (hysterically?) warning listeners this morning to fill up, which is contributing to those lines [...]

0 comments Wednesday 02 Aug 2006 | Posted By Ed Aboufadel | Predictions

The good news is that Citgo is open again on Lake Michigan Drive, and competition has returned to Standale, with prices as low as $2.92 this morning. The bad news is that while prices have fallen below $3 a gallon pretty much everywhere in the area, wholesale prices jumped six cents yesterday. That [...]

0 comments Tuesday 01 Aug 2006 | Posted By Patrick | Status Update

Hello, and Happy Tuesday morning everyone!
First off, I’d like to welcome all the newcomers to this that watched my interview on WOODTV8 last week. I bet some of you have been expecting a e-mail, but prices haven’t gone up just yet (thankfully), have they?
Well, we’re kind of reaching the low point of prices for the [...]