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0 comments Wednesday 30 Apr 2008 | Posted By Patrick | Commentary

Just seeing Ed’s post made me think back to the prediction earlier in the year about when gas will hit $4 a gallon. I said with haste that would occur on September 16, 2008, as we’ll be in the middle of Hurricane season. With any luck or miracles, maybe we won’t have as active of [...]

3 comments Wednesday 23 May 2007 | Posted By Patrick | Commentary

The Weekly DOE Report was just released. Highlights and comments are below: **Refineries operated at 91.1% of capacity, way over what analysts expected. The analyst predicted target was 90%. This is good news. **Crude oil imports averaged 10.9 million barrels per day last week. Over the last month, crude imports have averaged 563,000 more barrels [...]

0 comments Tuesday 24 Apr 2007 | Posted By Patrick | Commentary

OUCH! Well, I stumbled upon the reason the Midwest PADD is down so much… and it does NOT bode well for us. (This is the refinery that I frequently talk about in Whiting, Indiana, near Gary) Quote from Bloomberg BP Plc, Europe’s second-largest oil company, said its Whiting, Indiana, refinery has cut production to about [...]

0 comments Tuesday 06 Sep 2005 | Posted By Patrick | Predictions

Hello everyone… Before I dive into the Gas Price report… please take a moment to think about those who have lost EVERYTHING in Louisiana and Mississippi. Please consider donating something to help those who have been effected. Well, back to Gas Prices… A bit of good news, prices should slowly decline at the time of [...]

0 comments Tuesday 06 Jan 2004 | Posted By Ed Aboufadel | Predictions

Seems like the story lately is that investors and speculators would like to do anything except hold dollars. So, they buy stocks, gold, euros, and oil. Consequently, wholesale prices have been surging, and retail prices are soon to follow. Look for a price hike soon to at least $1.59 and probably higher. The prediction was [...]