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1 comment Thursday 17 Jul 2008 | Posted By Patrick | Predictions

Its been such a long time it seems that I’m proud to announce we should be seeing $3.XX gasoline (as low as $3.89) in Grand Rapids in coming days as wholesale gasoline prices continue what seems to be a correction.
Gasoline lost another 10.34-cents today, marking a near 40-cent slide since the week began.
Unfortunately for some [...]

1 comment Wednesday 16 Jul 2008 | Posted By Patrick | Predictions

Wholesale gasoline and oil prices continue their fall today, with gasoline shedding ANOTHER 13 cents… making the two day total OVER a 30-cent drop! If you can wait to fill up, prices around the nation will slowly be falling the next few days and over the weekend…
Here in Grand Rapids and in the Midwest, we [...]

2 comments Tuesday 15 Jul 2008 | Posted By Ed Aboufadel | Commentary

Comment on last Wednesday’s prediction: Prices jumped on Friday the 11th and again today, to a new record of $4.25, so the prediction was quite WRONG.
Tuesday, July 15, 2008, 8:45PM: If you follow my postings closely, one theme is that the retailers really aren’t making much money selling gas, taking in between 0 and 20 [...]

0 comments Tuesday 15 Jul 2008 | Posted By Patrick | Predictions

Fresh from his appearance in the Senate chambers talking about the economy, it seems Fed Chairman Ben Bernanke has instilled fear in traders about a possible slowdown in the economy.
At this writing, gasoline is down 22.77 cents to $3.33, and NYMEX crude oil is trading down $8.65 to $136.53! Could this be the mini-correction that [...]

0 comments Monday 14 Jul 2008 | Posted By Patrick | Predictions

The long anticipated new record price is making its way to pumps in West Michigan tonight! On the way home from watching Magglio, I noticed a Speedway at $4.14 and another at $4.25.
I then logged on to GrandRapidsGasPrices to see $4.25’s are becoming commonplace in northern suburbs, so with that, I’m expecting $4.25 to roll [...]

2 comments Friday 11 Jul 2008 | Posted By Patrick | Commentary

Oil is $146 a barrel today.
Want to know why U.S. supplies are OVER 50 million barrels below where they were last year? Want to know why oil prices keep rising? The two are directly connected, and its going to keep getting worse unless the dollar strengthens.
As I said, today oil hit $146- a new record. [...]