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1 comment Wednesday 09 Jul 2008 | Posted By Ed Aboufadel | Predictions

Comment on the June 26 prediction:  Prices rose on June 27 to a record $4.19, so the prediction was CORRECT.  Retail prices have slowly slipped since then. Wednesday, July 9, 2008, 3:30 PM:  I’ve been slow to post recently due to general family and holiday business, and that nasty storm last week, combined with mixed [...]

0 comments Monday 17 Mar 2008 | Posted By Patrick | Commentary

Afternoon update: I’m closely monitoring a huge selloff in gasoline and oil markets at this hour. Gasoline futures are down nearly 20 cents per gallon (7%+!) and oil futures are negative as well. This could be a significant turnaround for oil and gasoline as MANY now fear the economy may be more damaged than previously [...]

0 comments Monday 10 Dec 2007 | Posted By Patrick | Predictions

As we work our way down to 2.79 and possibly lower, keep in mind that a price hike will near as we get closer to 2.75. Gasoline futures have dropped so the prices will follow, but keep in mind, we’re still not in the best shape… I’ll be somewhat penciling in a hike for later [...]

0 comments Thursday 02 Aug 2007 | Posted By Patrick | Commentary

From CNNMoney.com: NEW YORK (CNNMoney.com) — Marathon Oil Corp. agreed to pay a $1 million fine to settle charges that its Marathon Petroleum Company subsidiary attempted to manipulate crude oil prices in 2003, the Commodity Futures Trading Commission announced Wednesday.The commission said it issued an order requiring Marathon to pay the penalty for attempting to [...]

0 comments Monday 09 Jul 2007 | Posted By Patrick | Predictions

AHHHHHHHHH! BP WHAT ARE YOU DOING!?! BP’s Whiting Refinery is AGAIN partially shut down/most shut down. We’re going to see local prices SPIKE as we’ve already seen a hike to 3.25. “BP apparently shut a crude unit at its 410,000 barrel per day Whiting, Ind., refinery,” said Tim Evans, an analyst at Citigroup Inc. The [...]

0 comments Thursday 17 May 2007 | Posted By Patrick | Commentary

From Bloomberg: Gasoline futures jumped 4.3 percent yesterday after Sunoco Inc. shut a 36,000 barrel-a-day gasoline pipeline supplying Buffalo, New York and ConocoPhillips shut a unit at its Borger, Texas, refinery for five weeks of maintenance. BP Plc will shut a 115,000 barrel-a-day gasoline unit at its Texas City plant for 11 days, Reuters reported, [...]