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1 comment Wednesday 04 Mar 2009 | Posted By Patrick | Predictions

Not very solid on this folks, maybe 50/50, but I think we’re awfully close to a “price restoration” in Speedway States to maybe $1.999. Like I said, I don’t feel as confident on calling this hike as I have on others, but I think that some stations dropped prices following the markets closing price on [...]

0 comments Wednesday 25 Feb 2009 | Posted By Patrick | Predictions

As I said earlier today, gasoline prices are likely to jump across all Speedway States as soon as tomorrow to $1.99 or even higher. I’ll follow up and let you know what’s going on. As you may know, Midwest prices have been seen as low as $1.59, much lower than the national average today of [...]

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 [...]

2 comments Friday 30 Jan 2009 | Posted By Patrick | Predictions

With the threat of a large strike being carried out by the United Steel Workers union and a large stimulus bill making its way through Congress, gas prices are going nowhere but up from the current national average of $1.85 per gallon. Prices have advanced lately because of a growing number of traders who see [...]

2 comments Monday 26 Jan 2009 | Posted By Patrick | Predictions

Bad news tonight for consumers, although I personally believe that some issues will be addresssed and corrected before disaster hits. Without wasting time, let me cover the issues. First, we have a number of refineries reporting being completely shut down tonight, including a 245,000bpd refinery in Texas and a 108,000bpd refinery in Washington. We also have some [...]