The Gas Game Welcome Guest | Login or Register

2 comments Thursday 14 Jun 2007 | Posted By Patrick | Predictions

Thursday morning, 9:15am… NYMEX is looking steady and my benchmark station in Indiana is down a few more cents overnight. Some have been calling for a hike to $3.19, but its just not looking very likely. I think we’re likely to see prices fall to around $2.95 before any risk of a hike…
hopefully!

1 comment Tuesday 12 Jun 2007 | Posted By Ed Aboufadel | Predictions

Comment on last week’s prediction:  Prices did keep falling, down to $3.02 on Tuesday the 12th, so the prediction was CORRECT.
Tuesday, June 12, 2007, 2:45 PM:  In past years, prices tended to go lower in June, with a minimal number of price hikes.  This year, we are thankfully seeing the same, but the month isn’t [...]

1 comment Monday 11 Jun 2007 | Posted By Patrick | Predictions

Grand Rapids prices have been falling the last few days, and as I stated on a WOODTV8 interview this evening (5pm), I think we’ll see G.R. drop below $3 Tuesday or Wednesday before the DOE Report makes a potential effect on wholesale prices.
The rest of the nation should see prices moderating a good amount as [...]

0 comments Thursday 07 Jun 2007 | Posted By Patrick | Predictions

Looks like Valero, the largest U.S. refiner has announced plans to shut some of its smaller units for maintenance- one because of a power failure June 1, the others unknown.
Midwest storage zoomed up to 48 million barrels this past week, signaling more supply and a southward pressure on local prices.
If this trend continues as refiners [...]

1 comment Wednesday 06 Jun 2007 | Posted By Ed Aboufadel | Predictions

Comment on last week’s post:  Absolutely CORRECT, as there was no hike last week, and prices have fallen as low as $3.24 around town as of June 6.
Wednesday, June 6, 2007, 2:00 PM:  It has been nice to see NYMEX prices drop the past week, “Speedway States” wholesale prices drop (the best that I can [...]

1 comment Monday 04 Jun 2007 | Posted By Patrick | Predictions

As predicted, Grand Rapids prices have dropped south of $3.30 and into the $3.20’s. I’d look for prices to drop to around $3.25 before we see a possible hike.
Any hike likely would be to $3.39 or so, but I’m not 100% sure on when that hike would come. We’re definitely slowing down when it comes [...]