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0 comments Wednesday 19 Dec 2007 | Posted By Patrick | Predictions

It’s Wednesday! I’m sure many of you know that means the Department of Energy releases its weekly petroleum report!
Lets take a peek at what this weeks report contained:
Well first, BP’s Toledo refinery came back online. This was echoed in the Midwest PADD numbers. The Midwest’s inventory of gasoline is at its largest number since the [...]

0 comments Friday 14 Dec 2007 | Posted By Ed Aboufadel | Predictions

Comment on my 12/2 prediction:  Prices fell from 12/2 until 12/12, definitely below $3 everywhere, so the prediction was CORRECT.
Friday, December 14, 2007, 4:30 PM:  I’ve been busy with finals, so I apologize for not posting lately.  I was thinking we would get a hike to $3.09 on Monday, based on the wholesale prices, but [...]

0 comments Thursday 13 Dec 2007 | Posted By Patrick | Commentary

From toledoblade.com:

Sunoco plans repairs at Toledo refinery
Sunoco Inc., the largest oil refiner in the
eastern United States, said it plans to shut a fluid catalytic cracker
and crude unit in Toledo for repairs next fall, with the possibility
that part of the unit would be shut down as early as March.Top
company officials told analysts yesterday of the work, [...]

0 comments Thursday 13 Dec 2007 | Posted By Patrick | Commentary

From ArabianBusiness.com:

Aramco starts work on US refinery expansion update
Motiva Enterprise, a joint venture between Saudi Aramco and Royal Dutch Shell, has started work on expanding its Port Arthur refinery to make it the largest in the US, Aramco said on Tuesday.Once completed in 2010, the expansion project will almost double the refinery’s capacity to 600,000 [...]

0 comments Monday 10 Dec 2007 | Posted By Patrick | Commentary

Only a month late to finish a complete restart (original deadline was 11/15), BP will finish its planned maintenance at its Toledo, Ohio refinery. With Midwest and Nationwide gasoline stockpiles suffering, the time couldn’t be better. The capacity at the refinery is 160,000bpd.
According to Reuters, the refinery should be completely operational by the end of [...]

0 comments Monday 10 Dec 2007 | Posted By Patrick | Predictions

As we work our way down to 2.79 and possibly lower, keep in mind that a price hike will near as we get closer to 2.75.
Gasoline futures have dropped so the prices will follow, but keep in mind, we’re still not in the best shape…
I’ll be somewhat penciling in a hike for later this week, [...]