Archive for the Tag 'fire'
Comment on the May 19th posting: Prices re-set early last week to $3.99, as predicted. Then they went up again at the end of the week, briefly to $4.19, but on Memorial Day, we are back to $4.09. So the prediction was CORRECT — Speedway did resist going over $4 as long as possible — [...]
From Breitbart.com: BIG SPRING, Texas (AP) – An explosion rocked an oil refinery Monday in a violent blast that shook buildings miles away and injured at least one person, the company said. All workers were accounted for about an hour after the explosion, said Blake Lewis, spokesman for refinery owner Alon USA. The injured worker [...]
After watching the market the last week, I’m semi-convinced that we’re starting to see the “Spring Run-up” in prices. Last week gasoline traded roughly 20 cents cheaper on the wholesale market, and today, we’re at 2.40+ on the wholesale market. Last year, the run-up began in late January/early February. The question is- how high will [...]
Wow… today’s DOE report was a terrific read. I read a lot of good news from this week’s report on petroleum inventories.As typical, let me highlight some of it: Pros Oil inventories rose by 7 million barrels, pushing them into the middle of the average range Gasoline inventories rose by 3.6 million barrels, keeping them [...]