Monday 17 Sep 2007 | Posted By
Patrick |
Predictions
Today marks the change back from summer gasoline to the winter blend that is much easier and less expensive to produce. Will this play a major factor in deciding whether prices go up tomorrow? It definitely could. I am looking for a hike to $2.99, but it may or may not happen, and it may [...]
Sunday 16 Sep 2007 | Posted By
Patrick |
Predictions
With prices nose-diving around Grand Rapids this weekend, I’m thinking we’re going to see a hike sooner rather than later. The only question that remains is to what price? Quite tricky. The 0-cent margin is about $2.76 right now, with a few retailers making it down to as low as $2.79. I think that those [...]
Wednesday 12 Sep 2007 | Posted By
Ed Aboufadel |
Commentary
Comment on 9/3 prediction:Â Prices hiked on Tuesday the 4th to $3.24, so the prediction was CORRECT, although a bit light on the price.
Wednesday, September 12, 6:00 PM: So, a barrel of oil hits $80 today, but wholesale gas prices don’t seem to be spiking. What’s going on? First, regarding oil, the Federal Reserve is [...]
Wednesday 12 Sep 2007 | Posted By
Patrick |
Predictions
…is that the Midwest PADD was up again! This week rising from 46.3 million barrels to 47.7 million. While gasoline stockpiles fell in most other locations, Midwest storage rose a very nice size chunk! We should see prices come down more, even factoring in the market increases today.
Overall, the DOE report was miserable. Oil inventories [...]
Tuesday 11 Sep 2007 | Posted By
Patrick |
Predictions
After noticing a few regional station making nice drops, I decided to load up last week’s Midwest PADD numbers. Finally! A jump from 45.2 million barrels to 46.3 million barrels. That should help West Michigan and the Midwest region to start dropping into the $2’s again… but for how long? Maybe just a couple weeks… [...]
Tuesday 04 Sep 2007 | Posted By
Patrick |
Commentary
I’ve just refreshed the latest Speedway pricing at local stations and see they absolutely outdid themselves (again!) to 3.24. Not only was this overkill, but we should see prices fall a little back to the realm of reality ($3.15-$3.24).
Expect local prices to stay high as the Midwest takes a huge hit in the next week [...]