Archive for November, 2007

No price hike the past week? Then there will be one early next week!

Comment on last Sunday’s prediction:  A big turkey of a WRONG, as prices did not go up during Thanksgiving week.
Saturday, November 24, 2007, 2:00 PM:  The retailers gave us a Thanksgiving gift with no price hike near Thanksgiving.  It was surprising, given where wholesale prices are at, and I am more surprised to see prices [...]

$100 oil the day before Thanksgiving? Count on it.

I’m sitting here waiting for oil to hit $100 per barrel. What new news is there? Nothing major. Just the traders and investors pouring billions into the crude markets. Is this going to affect us? Yes. $4 diesel and $3.25 gasoline should be commonplace unless something changes soon!
And guess what- for Spring…? how about $4 [...]

Back to $3.19 before Turkey Day

Comment on Wednesday’s prediction: There was no hike, and gas is as low as $3.03 in the area, so the prediction was CORRECT.
Sunday, November 18, 2007, 1:45 PM: The big question is whether or not there will be a price hike this coming week, before people start traveling for Thanksgiving. I think [...]

Prices should drift lower through the weekend

Comment on my 11/3 prediction:  The price hike to $3.29 didn’t arrive until Thursday 11/8, so I was WRONG.
Wednesday, November 14, 2007, 10:15 AM:  Since Halloween, wholesale prices have jumped 18 cents but the last few days, they have given most of that jump back.  That and my usual calculations suggest a $2.99-$3.19 range for [...]

I hereby state that the 2007 hurricane season is done

With absolutely no meteorological reasoning, I declare the end to the 2007 hurricane season. Now- the “official” hurricane season runs until November 30, but with the current conditions unfavorable for hurricane development, I should say that the 2007 saw no major hurricanes hit the U.S. (in terms of catastrophic damage) yet oil prices are at [...]

Reality sets in: we’re going to see $100/bbl oil- then what?

It is definitely looking like we’ll see oil prices hit $100 a barrel here in the next few days as the market continues to get bullish news regarding gasoline and oil.
I haven’t yet said anything about diesel prices this Winter (I got an e-mail) but I think for the most part we’ll be setting record [...]

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