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5 comments Wednesday 11 Feb 2009 | Posted By Patrick | Predictions

Today’s DOE report definitely wasn’t so hot- showing a large loss in gasoline stockpiles when an increase was expected. Traders polled were expecting a small 500,000 barrel increase in gasoline stockpiles and the DOE reported a loss of 2.6 million barrels. In an interesting twist, supplies in storage in the Midwest region actually rose over [...]

2 comments Saturday 07 Feb 2009 | Posted By Ed Aboufadel | Predictions

Comment on the January 28 posting:  Two days after that posting, some places hiked to $1.95, others didn’t, which I think reflected my ambivalence.  Eventually, everyone went to $1.95, but then prices started going back down. Saturday, February 7, 2009, 9:30PM:  I have a program on my computer called Kana Reminder that I can set [...]

3 comments Thursday 05 Feb 2009 | Posted By Patrick | Predictions

That’s right- you folks with the diesel trucks may FINALLY get to see diesel under $2 again, something maybe you thought (and I) that you wouldn’t see again in your lifetime! The Pilot station in Burns Harbor, Indiana (about a 1.5-2 hour drive from Grand Rapids) is currently selling diesel at $2.01. Now, you definitely [...]

1 comment Tuesday 03 Feb 2009 | Posted By Patrick | Predictions

Late breaking news tonight that will have some breathing a sigh of relief. The United Steel Workers union and Shell have agreed to a basic contract for refineries and other chemical plants today, averting a strike that could have had a huge effect on U.S. gasoline prices. We can stop worrying about the strike and [...]