Comment on my 7/17 prediction: Basically CORRECT, as prices have been falling for a few weeks now, albeit slowly.
Monday, July 30, 2007, 7:45 PM: We are setting up for a price hike soon, perhaps as soon as Tuesday, to the $2.99-$3.09 range. If the AXXIS prices are correct, then the 20-cent margin [...]
3 comments Monday 30 Jul 2007 | Ed Aboufadel | Predictions
Its definitely been a while since I wrote here updating you all on gasoline prices! As you have all noticed, gas prices have slowly fallen to the $2.80s seen around the area today. Wholesale prices have slowly been falling, we saw a low of about 2.06 last week before a slight rise to today’s 2.0948.
We [...]
1 comment Monday 30 Jul 2007 | Patrick | Commentary
Comment on Saturday’s prediction: Prices did just that, with $3.19 in a number of different places in town on this afternoon. CORRECT.
Tuesday, July 17, 2007, 2:13 PM: Whoo hoo! Lower prices, here we come. New York wholesale prices have dropped 18 cents in a week, and Chicago wholesale prices have dropped 45 cents! That has [...]
1 comment Tuesday 17 Jul 2007 | Ed Aboufadel | Predictions
From The Chicago Tribune:
An enormous BP oil refinery in Indiana is planning to pour
significantly more ammonia and industrial sludge into Lake Michigan, it
was reported. The move by the British Petroleum oil refinery of
Whiting, Ind., runs counter to years of efforts to clean up the U.S.
Great Lakes, The Chicago Tribune reported Saturday.
Honestly, WHAT THE HECK, [...]
1 comment Sunday 15 Jul 2007 | Patrick | Commentary
Saturday, July 14, 2007, 10:15 AM: My appearance on WOOD-TV 8 on Wednesday appears to have coincided with a top for wholesale prices. By that evening, as indicated by postings elsewhere on this site, wholesale prices were starting to head down and then BP started up the unit at its Whiting refinery that [...]
0 comments Saturday 14 Jul 2007 | Ed Aboufadel | Commentary, Predictions
From Bloomberg:
BP Plc will begin startup today of a
unit at its Whiting, Indiana, refinery, the biggest in the
Midwest.
The 235,000 barrel-a-day crude unit, which was shut July 9
for unplanned maintenance, is expected to be at full rates by
next week, a person familiar with the [...]
0 comments Thursday 12 Jul 2007 | Patrick | Commentary
