Sunday 10 Aug 2008 | Posted By
Patrick |
Predictions
I think you’ll agree with me on this one- Diesel consumers have LONG awaited the price drops that gasoline has seen. Since gasoline has dropped mid-July, diesel HAS followed its drop on the wholesale market, BUT for some reason, those price drops really never made it to large chain retailers. Even as I write this, [...]
Friday 11 Jul 2008 | Posted By
Patrick |
Commentary
Oil is $146 a barrel today. Want to know why U.S. supplies are OVER 50 million barrels below where they were last year? Want to know why oil prices keep rising? The two are directly connected, and its going to keep getting worse unless the dollar strengthens. As I said, today oil hit $146- a [...]
Wednesday 04 Jun 2008 | Posted By
Patrick |
Predictions
It’s been a while since I wrote here folks, but it seems prices have been “somewhat” steady around our region, and quite steady (what a surprise!!) in Grand Rapids. If you read my previous post about the Summer Forecast, you’ll have a better idea where this post fits in the big picture. Of course my [...]
Tuesday 27 May 2008 | Posted By
Patrick |
Predictions
The long awaited 2008 Summer Driving season is now upon us, after a mostly gloomy and cool Memorial Day weekend here in Mid-Michigan. With gasoline prices approaching and surpassing $4, many are asking what’s in store for this Summer… what can I expect, when should I vacation? This post may be one of my longer [...]
Monday 26 May 2008 | Posted By
Patrick |
Predictions
After Speedway’s late-week identity crisis in which it didn’t want to be the first over $4, it has now raised all stations to $4.19. While there has been much confusion surrounding what to do after wholesale costs spiked last week after Speedway’s hike to $3.99, many stations simply couldn’t wait for Speedway and we saw [...]
Wednesday 21 May 2008 | Posted By
Patrick |
Predictions
Today’s DOE report was just about as bad as they get. The government’s report showed oil inventories posting a surprising loss of well over 5 million barrels, while gasoline stockpiles fell as well even though refineries operated at slightly higher utilization than the previous week. Despite high prices, gasoline demand was report to only be [...]