Archive for June, 2008

Excuse me while I vent about the oil market today

2 comments Friday 06 Jun 2008 | Posted By Patrick | Predictions

OK. Its official. I’m furious about this oil market and the way speculators are fueling the market. Morgan Stanley predicted $150 by July 4. THATS THE MAJOR FACTOR pushing prices higher. Sure jobless claims went up, meaning possibly lower demand, and the Dollar stumbled, but honestly, the market is up WHY? We aren’t attacking Iran, [...]

You should probably fill up Friday morning

0 comments Thursday 05 Jun 2008 | Posted By Ed Aboufadel | Predictions

Thursday, June 5, 2008, 7:45 PM:  Well, this has been a fun show this week.  Wholesale (NYMEX) prices dropped hard one day, only to come storming back today.  Using this evening’s closing prices, I have a 20-cent margin price of $4.16.  (Yes, the 20-cent margin still seems to be the one to look at.)  Combine [...]

Wholesale gasoline poised to have biggest fall since post-Katrina!

1 comment Wednesday 04 Jun 2008 | Posted By Patrick | Commentary

…At least as far as I can remember.
Wholesale gasoline is trading nearly 17 cents LESS per gallon… meaning WAIT to fill up if possible.
You can thank the DOE weekly report, lower demand, and higher supply. But don’t for one second think this means you can go back to that parked SUV anytime soon…
Patrick

Is the “June Slowdown” starting on gasoline markets?

0 comments Wednesday 04 Jun 2008 | Posted By Patrick | Predictions

It’s been a while since I wrote here folks, but it seems prices have been “somewhat” steady around our region, and quite steady (what a surprise!!) in Grand Rapids.
If you read my previous post about the Summer Forecast, you’ll have a better idea where this post fits in the big picture.
Of course my writing was [...]

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