I’ve taken some time to update the Refinery Status page with the latest knowledge of refinery issues, make sure to check it out by clicking the link at the top of the page “Refinery and U.S. Pricing Status”
Now, on to the DOE report, which was good, except for a few things.
The bad-Refineries utilized just 85% [...]
0 comments Wednesday 30 Jan 2008 | Patrick | Predictions
Comment on Sunday’s prediction: Right on the mark and CORRECT, as prices rose to $3.05 in honor of Dr. Martin Luther King.
Sunday, January 27, 2008, 7:40 PM: Although the stock market troubles early last week also knocked down energy wholesale prices, the market recovered … and so did energy wholesale prices! We [...]
0 comments Sunday 27 Jan 2008 | Ed Aboufadel | Predictions
Good afternoon from Orlando, Florida!
Thanks to Ed for writing his predictions this week as I took a short respite from things.
I noticed in Florida, a state with NO refineries, prices similar/lower than Michigan. They also have higher demand while Michigan has lower demand due to the Winter weather… so what gives? Florida is not a [...]
0 comments Saturday 26 Jan 2008 | Patrick | Commentary
Comment on previous prediction: There was no price hike last week, and prices keep falling, so the prediction was CORRECT.
Sunday, January 20, 2008, 11:30AM: By my calculations, wholesale prices correspond to retail prices in a range between $2.87 and $3.09. With prices as low as $2.80 in the area, we’ve got a [...]
0 comments Sunday 20 Jan 2008 | Ed Aboufadel | Predictions
Wednesday, January 16, 2008, 4:30 PM: At the beginning of the month, oil hit $100 a barrel and the S&P 500 was trading at 1468. Today, oil is down 10%, and the S&P is about 100 points lower, with recession fears among traders of both oil and stocks. So, wholesale gas prices have been dropping [...]
0 comments Wednesday 16 Jan 2008 | Ed Aboufadel | Predictions
Highlights from today’s weekly release of the DOE Petroleum Stockpile Data:
>Refineries operated at 87.1% of capacity… a huge decrease from the week previous!>Gasoline production dropped roughly 200,000bpd compared to last week>Crude oil imports seem on a rebound: they averaged 10 million barrels per day, about 220,000bpd higher than the same period last year
The GOOD news:>Crude [...]
0 comments Wednesday 16 Jan 2008 | Patrick | Predictions
