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1 comment Thursday 15 Jan 2009 | Posted By Patrick | Predictions

Just to warn you, this post will be a bit lengthy, but may be incredibly insightful for some. First off, it looks like Ed has predicted a hike to $1.99. We’ll see if he’s right on… if you can get gas for around $1.80, fill up like I did tonight just in case. I’m not [...]

1 comment Wednesday 17 Dec 2008 | Posted By Patrick | Predictions

Threatened with sagging oil prices, OPEC held a meeting today to decide if any additional production cuts should be made. This would be their third (?) meeting outside of their normal meetings in the last few months as oil prices have lost all their gains made in the last four years. While OPEC tried the "shock [...]

3 comments Friday 05 Dec 2008 | Posted By Patrick | Predictions

First off, let me address the differences in opinion between Ed and I. I’ve heard from some users (and rightfully so) that it seems Ed and I have opinions that recently have varied quite a bit. Let me address that. First off, we’re both obviously trying to adapt to this new market, and secondly- we’re [...]

2 comments Monday 10 Nov 2008 | Posted By Patrick | Predictions

I’m getting quite close to announcing a price hike in Grand Rapids and other Michigan areas as wholesale prices rise this morning, due to news of a Chinese Stimulus program to help their economy. This is not good news for consumers, as we’ve benefited from lower Chinese demand in the form of less competition for [...]

1 comment Thursday 06 Nov 2008 | Posted By Patrick | Predictions

I don’t like to be bearer of bad news, but I believe we are approaching the lowest gasoline prices we’ll see for a while. While gasoline prices usually "bottom out" in late November and early December, I believe with the dramatic fall in prices and negative profit outlooks for refining gasoline, it will result in [...]

0 comments Friday 24 Oct 2008 | Posted By Patrick | Predictions

WRITTEN THIS MORNING (OCT 24, 7AM) This morning OPEC convened and arrived at a decision to cut 1.5 million barrels of oil per day. Many of you are likely asking what we can now expect and what will happen. Let me try to shed some light for you. It will be an interesting day on [...]