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5 comments Wednesday 11 Feb 2009 | Posted By Patrick | Predictions

Today’s DOE report definitely wasn’t so hot- showing a large loss in gasoline stockpiles when an increase was expected. Traders polled were expecting a small 500,000 barrel increase in gasoline stockpiles and the DOE reported a loss of 2.6 million barrels. In an interesting twist, supplies in storage in the Midwest region actually rose over [...]

3 comments Thursday 05 Feb 2009 | Posted By Patrick | Predictions

That’s right- you folks with the diesel trucks may FINALLY get to see diesel under $2 again, something maybe you thought (and I) that you wouldn’t see again in your lifetime! The Pilot station in Burns Harbor, Indiana (about a 1.5-2 hour drive from Grand Rapids) is currently selling diesel at $2.01. Now, you definitely [...]

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 [...]

0 comments Thursday 11 Dec 2008 | Posted By Ed Aboufadel | Announcements

Thursday, December 11, 2008, 9:25 AM:  For future analyses, I have started to keep track of diesel prices on Lake Michigan Drive and the daily close of the US Gasoline Fund ETF (ticker:  UGA).  For the former, I have been asked questions several times over the past year about diesel prices, and my responses have [...]

17 comments Thursday 13 Nov 2008 | Posted By Patrick | Commentary

That’s right- the State is thinking of raising gasoline taxes now that the price of gasoline has come down. With gasoline under $2, the State is exploring options to raise gas taxes. And to think- "In five years… you’ll be blown away"… with what, new taxes? Thanks Jennifer! <– GIVE US YOUR OPINION IN OUR POLL! From the Associated Press: (News Story HERE) [...]

5 comments Thursday 14 Aug 2008 | Posted By Patrick | Predictions

Just a quick note: diesel consumers can now find diesel fuel for $3.99/gal in Burns Harbor, Indiana. After nearing $5/gallon, I’m sure consumers of the fuel are a breathing a sigh of relief. This should greatly help trucking companies, especially the smaller operations. Gas prices in the Grand Rapids area should remain steady around $3.80s-$3.90s [...]