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3 comments Monday 01 Sep 2008 | Posted By Patrick | Predictions

Looks like folks can breathe a sigh of relief… for now. The NHC downgraded Gustav to a category two hurricane this morning, providing relief to a Gulf area that had been battered just 3 years ago by Katrina. At 10am EDT, oil was trading down nearly $3/bbl while gasoline shed 6-cents. Looks like there shouldn’t [...]

0 comments Saturday 30 Aug 2008 | Posted By Patrick | Predictions

Note: I decided I had better take a quick break from vacation. I was away hiking in Yellowstone, please forgive me for not posting. When my phone got service yesterday, I had received numerous voice-mails informing me that a Hurricane “Gustav” had formed and could be effecting gas prices. Unfortunately I’ve been out of the [...]

5 comments Wednesday 13 Aug 2008 | Posted By Patrick | Predictions

Edit: Speedway has just hiked to $3.95 in Michigan; while not totally shocking, this is something that might have been expected. The Gas Game gets quite difficult to predict at times like this! Another disappointing report from the Dept. of Energy this week, we can look for gasoline to trade higher today. Perhaps due to [...]

6 comments Sunday 03 Aug 2008 | Posted By Patrick | Predictions

After enjoying lower prices for a few weeks, I’m sad to announce I’m expecting a hike to $3.99 around Grand Rapids soon. Perhaps as early as Monday, or they could wait. Prices have been creeping up, we have a tropical storm in the Gulf that’s pushing prices higher (not as much as it could… small [...]

1 comment Tuesday 22 Jul 2008 | Posted By Patrick | Predictions

With news from major forecasting firms that project Dolly to miss major Gulf rigs and refineries, traders are busy selling off their contracts for gasoline and oil. As you can see on the ticker on the left, gasoline is down nearly 10-cents/gal and oil is down over $4/bbl. Hopefully this continues, and MAYBE we can [...]

2 comments Thursday 19 Jun 2008 | Posted By Patrick | Predictions

Today’s market slid over 13-cents per gallon on positive news coming out of China: they’re finally lowering subsidies on oil and fuel products. The market immediately turned south after realizing that one of the biggest developing nations was now passing on higher prices to its consumers. This has the potential to turn the whole market [...]