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4 comments Monday 15 Sep 2008 | Posted By Ed Aboufadel | Predictions

Monday, September 15, 2008, 4:20PM:  I think we’ll look back on this weekend as the turning point for gas prices for quite a while.  On Friday and Saturday, there were price hikes to $4.09 and then $4.19, driven by fears of massive shortages due to Hurricane Ike striking Texas, and a sense that we were [...]

2 comments Thursday 11 Sep 2008 | Posted By Patrick | Predictions

UP-TO-DATE HURRICANE IKE INFO OR CLICK “HURRICANE CENTRAL” NEXT TO THE BLINKING Q&A LINK If you have any interests in the South (Texas, Lousiana) area, you might want to inform them to stockpile gas at ANY PRICE under $4. Grand Rapids will likely also see a price hike to over $4, with more hikes coming. [...]

10 comments Wednesday 10 Sep 2008 | Posted By Patrick | Commentary

First off: Read this post thoroughly if you want to find out WHY prices are justified. A brief thank you to Tom Kloza for taking the time out of his day (Publisher @ OPIS) to respond to a few questions I had. I now understand and can say that I know why Grand Rapids (and [...]

1 comment Tuesday 09 Sep 2008 | Posted By Patrick |

May 1, 2009: Welcome to 2009! Hurricane forecasts for the 2009 season have pointed to a less-active season as a result of cooler than normal ocean temperatures. We’ll see! Here is a current image of Hurricane/Tropical Development for the Atlantic Ocean. This is updated automatically. Currently, there is no threat to the oil and gasoline [...]

3 comments Tuesday 09 Sep 2008 | Posted By Ed Aboufadel | Commentary

Comment on the August 25 prediction:  Prices did drop into the $3.70′s from $3.89, but not significantly due to the hurricanes.  To be fair, I’ll label that prediction WRONG. September 9, 2008, 7:15 AM:  With the fall semester up-and-running at GVSU, I am planning on posting each Tuesday morning this semester.  Using NYMEX alone, the [...]

2 comments Sunday 07 Sep 2008 | Posted By Patrick | Predictions

Better plan on filling up tonight or first thing Monday morning, folks. The oil and gasoline market opened overseas just moments ago and has already jumped enough to force a price hike. At this writing, gasoline is up 8-cents per gallon. Local gasoline retailers aren’t making more than 10-cents per gallon today, and with a [...]