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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)

LANSING — Gov. [...]

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 the market, [...]

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 Sunday 28 Sep 2008 | Posted By Patrick | Predictions

That’s right… Port Arthur’s major refineries have finally been restored power and all four of them have announced they are at the beginning stages of restarting their facilities. This is excellent news for everyone as these refiners mark the last facilities to come back online after Gustav and Ike battered the Gulf.
Prices nationwide should continue [...]

8 comments Monday 15 Sep 2008 | Posted By Patrick | Commentary

Oil seems likely to continue its fall tonight and tomorrow as Big Oil assess its refineries after Hurricane Ike.
Grand Rapids prices should head WELL South of $4!
Also according to Reuters calculations, here are some of the numbers that have impacted gasoline prices:
CUMULATIVE IMPACT OF GUSTAV AND IKE
*20.48 million barrels of crude oil
*102.79 billion cubic feet [...]

2 comments Sunday 14 Sep 2008 | Posted By Patrick | Commentary

EDIT: FOR LATEST UPDATES ON REFINERY DAMAGE/SHUTDOWNS, VISIT THE REFINERY STATUS PAGE
NYMEX opened today at 10:30am, a break from when the exchange usually opens in the evening for electronic/international trading.
At 2:00EDT, gasoline for October delivery was trading down 12-cents/gallon while oil fell below $100/bbl.
I am researching and making calls today for possible damage reports. So [...]