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5 comments Tuesday 21 Oct 2008 | Posted By Ed Aboufadel | Commentary, Predictions

Tuesday, October 21, 2008, 9:20 AM:  The following question has been posed to me several times the past month:  On July 15, oil was at $145 a barrel, and gasoline cost $4.25 a gallon at the pump in Grand Rapids.  Last week, oil was $72 a barrel, and gasoline cost $2.96 a gallon.  If the [...]

5 comments Friday 10 Oct 2008 | Posted By Patrick | Predictions

That’s right folks- we’re in a huge downward trend. I’ll be the first to say I screwed up! I filled up for $3.77 (wow, seems like a while ago!) just TWO WEEKS ago… I’m still burning through that tank in fact. Was that a mistake? YES! Is it a mistake to do the same thing [...]

2 comments Thursday 02 Oct 2008 | Posted By Patrick | Predictions

As prices continue to fall here in the Midwest, the South has not yet forgotten the sting and pain that Hurricane Ike brought, roughly 3 weeks ago. Atlanta, GA is still suffering from periodic gas shortages and high prices. The same is occurring in other locations in the South. Here in Michigan it is relatively [...]

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 [...]

4 comments Tuesday 09 Sep 2008 | Posted By Patrick | Commentary

OPEC dismissed from their meeting late Tuesday night Eastern time and promptly said they had decided to cut production by over 500,000bpd. I’m not sure how to react- first and foremost I feel that OPEC is unaware of global economic worries based on the high cost of oil. Secondly, I think they fail to realize [...]

0 comments Wednesday 20 Aug 2008 | Posted By Patrick | Predictions

Ouch! What a terrible DOE report today, looks like large losses in gasoline stockpiles is becoming the norm. I’ll keep this short today so that I can enjoy just a little bit of vacation. The DOE report as said was pretty rough for gasoline consumers. While oil inventories rose an amazing 9.6 million barrels, gasoline [...]