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0 comments Monday 26 May 2008 | Posted By Ed Aboufadel | Commentary

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 — [...]

0 comments Monday 18 Feb 2008 | Posted By Patrick | Commentary

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
was in the hospital, but [...]

0 comments Thursday 14 Feb 2008 | Posted By Patrick | Predictions

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 [...]

0 comments Wednesday 06 Feb 2008 | Posted By Patrick | Predictions

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 above the upper [...]

0 comments Wednesday 30 Jan 2008 | Posted By Patrick | Predictions

I’ve taken some time to update the Refinery Status page with the latest knowledge of refinery issues, make sure to check it out by clicking the link at the top of the page “Refinery and U.S. Pricing Status”
Now, on to the DOE report, which was good, except for a few things.
The bad-Refineries utilized just 85% [...]

0 comments Saturday 26 Jan 2008 | Posted By Patrick | Commentary

Good afternoon from Orlando, Florida!
Thanks to Ed for writing his predictions this week as I took a short respite from things.
I noticed in Florida, a state with NO refineries, prices similar/lower than Michigan. They also have higher demand while Michigan has lower demand due to the Winter weather… so what gives? Florida is not a [...]