I encourage ALL who are reading this to comment and speak up!! Leave your comments HERE
Kentucky Attorney General Greg Stumbo announced groundbreaking
litigation filed today in Franklin Circuit Court against Marathon Oil
Corporation, Marathon Petroleum Company, LLC and Speedway SuperAmerica,
LLC, charging the corporations with profiteering during the time of
emergency following Hurricanes Katrina and Rita. The companies are
alleged [...]
Tuesday 29 May 2007 |
Patrick |
Commentary
Gasoline prices plummeted over 4% today (over 10 cents per gallon) on the wholesale market. Could this be the start of a major correction? Its very much a possibility. I earlier predicted a price hike today, and since we haven’t gotten one today, I’m going to say that we are no longer in major danger [...]
Tuesday 29 May 2007 |
Patrick |
Predictions
Tuesday, May 29, 2007, 1:15PM: I know we are hurting with gas prices — Michigan has the highest average price in the country right now. A newsletter I receive regularly reports that last week “Governor Granholm submitted testimony to Congress on the escalating cost and volatility of gasoline prices in Michigan and across the nation. [...]
Tuesday 29 May 2007 |
Ed Aboufadel |
Commentary, Predictions
Hoping you all have a terrific Memorial Day…
A gas price hike is looking likely in Grand Rapids area to perhaps $3.59 or $3.65 (more likely the $3.59) on Tuesday.
For the rest of the nation, prices closed higher again Friday on continued worries about demand. 7/10 Americans polled by AAA said they planned to take to [...]
Sunday 27 May 2007 |
Patrick |
Predictions
Looking like gas prices in the Midwest should trickle down a few cents over the weekend; also in the Gulf states we should see a small decline in prices (a few cents at best)
But for those in Grand Rapids, we’re already seeing $3.49 at Speedway in the East Paris/Cascade Rd. Area.
Have a good Memorial Day. [...]
Friday 25 May 2007 |
Patrick |
Commentary
The Weekly DOE Report was just released. Highlights and comments are below:
**Refineries operated at 91.1% of capacity, way over what analysts
expected. The analyst predicted target was 90%. This is good news.
**Crude oil imports averaged 10.9 million barrels per day last week.
Over the last month, crude imports have averaged 563,000 more barrels
per day than 2006.
**Total motor [...]
Wednesday 23 May 2007 |
Patrick |
Commentary
