Archive for December, 2007

Holy Moly! DOE report…

DOE report was just released… Highlights:
>Crude oil inventories dropped 8 million barrels. However, they are still in the upper half of the average range for this time of year.>Gasoline inventories rose 4 mllion barrels. However, they are still below the lower end of the average range for this time of year.>Distillate inventories rose 1.4 million [...]

Expect prices under $3 all over town

Comment on last Saturday’s prediction: Prices rose last Monday to $3.23, just as CORRECTly predicted.
Sunday, December 2, 2007, 9:30 AM: A nice drop in wholesale prices the past week puts the range of prices, based on wholesale prices, $2.89 to $3.09. But, some retailers have maintained prices above $3.20 since Monday, so [...]

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