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0 comments Wednesday 19 Dec 2007 | Posted By Ed Aboufadel | Predictions

Comment on Friday’s prediction: Prices have fallen the past several days, below $3 in many places, so a CORRECT prediction. Wednesday, December 19, 2007, 3:30 PM: Of note is that the NYMEX and AXXIS prices have been pretty much the same for a month now, which demonstrates that there is no Chicago premium on prices [...]

0 comments Monday 27 Aug 2007 | Posted By Patrick | Commentary

Just to throw this out there: I’m expecting a rehike to $2.99-$3.09 as soon as today but more likely tomorrow or Wednesday. The Chicago Premium is back (as noted a few posts ago) due to midwest refinery problems (thanks to the heavy heavy flooding in Ohio) On another note, there is extreme flooding in Findlay, [...]

0 comments Thursday 23 Aug 2007 | Posted By Patrick | Commentary

Just took a glance at yesterdays DOE numbers once more and it looks like the Midwest PADD numbers have fallen back down to 46+ million barrels. This is the lowest we’ve seen in some time and could add 10-15 cents per gallon until local refiners kick it into high gear. Apparently refineries in the Midwest [...]

0 comments Sunday 10 Dec 2006 | Posted By Patrick | Predictions

Hi there everyone, hope you’ve all filled up for under $2.20 in thepast few days, because I’m not totally sure if we’ll get a hike soon. While the DOE report this Wednesday was kind of poor, I noted thatthere was a large build of gasoline into the Midwest PADD district.Early last week the Midwest PADD [...]

0 comments Sunday 12 Nov 2006 | Posted By Patrick | Predictions

After logging in to GrandRapidsGasPrices.com this afternoon, I noticed that local prices fell too fast… seems like that new Family Fare on Leonard and Fuller really is fueling things (no pun intended). That corner is the low price leader, with Sunday prices showing 2.12. They are definitely flirting with losing money, or just breaking even. [...]

0 comments Thursday 09 Nov 2006 | Posted By Patrick | Status Update

Well, the DOE report was pretty rough, and gasoline and oil has been trading up on the news that the U.S. will turn sharply colder and that OPEC may again cut production when it meets in December. Wholesale gasoline is back up to 1.58. The “Chicago Premium” we’ve been seeing should let local prices go [...]