Great news! BP has agreed NOT to increase their discharge limits even though they had been allowed via a foolish EPA ruling.
Thanks to all those who signed the petition- I would have expected BP to cooperate with what the citizens of MANY states demanded. The press release: http://whiting.bp.com/go/doc/1550/169779/
Warrenville, IL- BP America today promised to operate [...]
Thursday 23 Aug 2007 |
Patrick |
Commentary
Just took a glance at yesterdays DOE numbers once more and it looks like the Midwest PADD numbers have fallen back down to 46+ million barrels. This is the lowest we’ve seen in some time and could add 10-15 cents per gallon until local refiners kick it into high gear.
Apparently refineries in the Midwest are [...]
Thursday 23 Aug 2007 |
Patrick |
Commentary
Gasoline wrapped up the day down another whopping 7-cents! This is the lowest price we’ve seen in months, and should be enough to warrant prices down to 2.60s, PENDING tomorrow’s DOE report. This could be a great week for huge losses in gasoline prices- if the DOE report tomorrow is good, look for the market [...]
Tuesday 21 Aug 2007 |
Patrick |
Commentary
With Dean on a much more southern track than initially thought, wholesale prices of gasoline has taken a large hit overnight, mainly on relief that this huge hurricane will miss most of the U.S. oil and gasoline infrastructure.
As we sit now, wholesale gasoline prices have backed off a whopping 7.43 cents per gallon overnight. The [...]
Monday 20 Aug 2007 |
Patrick |
Commentary
Friday, August 17, 2007, 3:20 PM: Why a second hike this week, to $2.99? While NYMEX prices jumped a nickel since Monday, AXXIS prices jumped a dime, and quick moves like that usually get passed on to the consumer. In addition, we are in the middle of August, which has not been friendly to buyers [...]
Friday 17 Aug 2007 |
Ed Aboufadel |
Commentary
Benchmark station in Indiana that was able to set me off to yesterday’s hike re-hiked again today to $2.86!
I’ll look for that to filter up to Grand Rapids here in the next day or two at latest. I estimate the next hike will take us to $2.99 or so.
With hurricane news hitting the airwaves, we [...]
Tuesday 14 Aug 2007 |
Patrick |
Commentary
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