Archive for the Tag 'China'

Another good day for consumers!

8 comments Wednesday 23 Jul 2008 | Posted By Patrick | Predictions

A good DOE report, good news here, good news there, congress acting… blah blah… prices are falling!
Wholesale gasoline prices, as you can see from the ticker on the left have been taking another beating this afternoon after a quiet morning.
Prices at this hour are down nearly another 11-cents… meaning nationwide price averages definitely should be [...]

Gasoline prices slide on news China raising prices of fuels

2 comments Thursday 19 Jun 2008 | Posted By Patrick | Predictions

Today’s market slid over 13-cents per gallon on positive news coming out of China: they’re finally lowering subsidies on oil and fuel products.
The market immediately turned south after realizing that one of the biggest developing nations was now passing on higher prices to its consumers. This has the potential to turn the whole market around [...]

$4.05-$4.15 coming Monday or Tuesday. Diesel to $4.75+.

0 comments Friday 16 May 2008 | Posted By Patrick | Predictions

After fielding through a few phone calls and seeing a news spot on Channel 8 “Gas Surprise” I wasn’t sure what to expect this morning. I logged on Channel 8’s site to try and find a gas story to see if I had missed something. Not really.
I then had a few text messages asking if [...]

April 13

0 comments Wednesday 13 Apr 2005 | Posted By Patrick | Predictions

Well, we’re starting to see the economies in growing countries start
to slow down, (specifically China) and for the first time in months,
the IEA has LOWERED its forecast of crude oil consumption by 50,000
barrels a day. While that might not seem like much (since the world
uses 84 million barrels a day) its all psychological. Its causing
significant [...]

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