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1 comment Sunday 31 Aug 2008 | Posted By Patrick | Predictions

UPDATE 4:50pm EDT: LOOP (Louisiana OffShore Oil Port) has been closed. Gustav is forecast to hit it directly. Any damage to LOOP would be catastrophic to the county and could raise oil prices $10 or more per barrel. This port provides over 1-million barrels of oil per DAY to the United States (via Middle East [...]

0 comments Saturday 30 Aug 2008 | Posted By Patrick | Predictions

Note: I decided I had better take a quick break from vacation. I was away hiking in Yellowstone, please forgive me for not posting.
When my phone got service yesterday, I had received numerous voice-mails informing me that a Hurricane “Gustav” had formed and could be effecting gas prices. Unfortunately I’ve been out of the loop- [...]

0 comments Monday 25 Aug 2008 | Posted By Ed Aboufadel | Predictions

Monday, August 25, 2008, 2:00 PM:  Wholesale prices spiked up last Thursday, and we got the price hike last Friday to $3.89. Then, on Friday, wholesale prices dropped a lot, and … prices didn’t drop very much, yet.  There are prices below $3.80 scattered about, and I predict over the next few days, you’ll see [...]

2 comments Saturday 23 Aug 2008 | Posted By Patrick | Commentary

Has anyone noticed how some of Speedway’s newly remodeled facilities are already showing signs of rust, neglect, and filth?
Before filling up on my way out of town on vacation, I stopped by the Speedway at 28th St. and Byron Center to find the pumps looking filthy dirty. I happened to look up and see the [...]

1 comment Wednesday 20 Aug 2008 | Posted By Ed Aboufadel | Commentary

Wednesday, August 20, 2008, 4:30 PM:  AXXIS prices have gone down 12 cents since the last price hike, but NYMEX prices have gone up. I suspect that, all-in-all, wholesale prices are down a bit (particularly given my silly August formula from my last posting), but at the same time there are a lot $3.78’s around, [...]

0 comments Wednesday 20 Aug 2008 | Posted By Patrick | Predictions

Ouch! What a terrible DOE report today, looks like large losses in gasoline stockpiles is becoming the norm. I’ll keep this short today so that I can enjoy just a little bit of vacation.
The DOE report as said was pretty rough for gasoline consumers. While oil inventories rose an amazing 9.6 million barrels, gasoline dropped [...]