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10 comments Wednesday 10 Sep 2008 | Posted By Patrick | Commentary

First off: Read this post thoroughly if you want to find out WHY prices are justified. A brief thank you to Tom Kloza for taking the time out of his day (Publisher @ OPIS) to respond to a few questions I had. I now understand and can say that I know why Grand Rapids (and [...]

0 comments Tuesday 09 Sep 2008 | Posted By Patrick |

This page is filled with great information on the math behind gasoline prices, the stats of hikes, days they are most likely to occur, and the data behind why prices rise and fall. This information is about as raw as it gets, meaning it is hard to understand for some who haven’t looked at it [...]

1 comment Wednesday 03 Sep 2008 | Posted By Patrick | Predictions

Many Americans can breathe a sigh of relief as workers slowly return to the Gulf to survery storm damage today. As of Wednesday morning, I have yet to hear of major damage to any facility that processes oil or natural gas. That has led to a large oil sell-off the last few days, with crude [...]

1 comment Tuesday 22 Jul 2008 | Posted By Patrick | Predictions

With news from major forecasting firms that project Dolly to miss major Gulf rigs and refineries, traders are busy selling off their contracts for gasoline and oil. As you can see on the ticker on the left, gasoline is down nearly 10-cents/gal and oil is down over $4/bbl. Hopefully this continues, and MAYBE we can [...]

0 comments Tuesday 18 Sep 2007 | Posted By Patrick | Commentary

Goldman Sachs is not on my good side. Why? They try to use scare tactics to inflate the price of a commodity they hold a significant stake in. Goldman has millions if not billions tied up in oil contracts and keeps trying to use fear tactics to make prices jump and get a nice chunk [...]

0 comments Friday 02 Feb 2007 | Posted By Ed Aboufadel | Commentary

Comment on Wednesday’s prediction: I did buy gas for $2.09 in Allendale on Thursday, but then there was this surprising price hike to $2.29, making my prediction very WRONG. Friday, February 2, 2007, 8:30 AM: Thursday’s price hike was surprising, but also a little weird. For instance, on Lake Michigan Drive, all the stations hiked [...]