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2 comments Monday 20 Aug 2007 | Posted By Patrick | Commentary

With Dean on a much more southern track than initially thought, wholesale prices of gasoline has taken a large hit overnight, mainly on relief that this huge hurricane will miss most of the U.S. oil and gasoline infrastructure. As we sit now, wholesale gasoline prices have backed off a whopping 7.43 cents per gallon overnight. [...]

1 comment Tuesday 14 Aug 2007 | Posted By Patrick | Commentary

Benchmark station in Indiana that was able to set me off to yesterday’s hike re-hiked again today to $2.86! I’ll look for that to filter up to Grand Rapids here in the next day or two at latest. I estimate the next hike will take us to $2.99 or so. With hurricane news hitting the [...]

0 comments Monday 13 Aug 2007 | Posted By Patrick | Commentary

Tropical depression #4 has formed today in the Atlantic with strengthening definite. This is the point where wholesale prices may find support for $3/gallon again, so be weary! If possible, grab some gasoline jugs and fill them- it could get sticky in a few weeks (higher gasoline prices). Stay with me for the latest as [...]

0 comments Monday 06 Aug 2007 | Posted By Patrick | Predictions

As of 3pm today, we’re seeing wholesale gasoline prices dive to under $2 for the first time since this past Winter. Much of this can be traced to the recent higher refinery output, the fact we’re in the last weeks of summer, no major hurricane activity, and worries about demand and the economy. We should [...]

1 comment Monday 30 Jul 2007 | Posted By Patrick | Commentary

Its definitely been a while since I wrote here updating you all on gasoline prices! As you have all noticed, gas prices have slowly fallen to the $2.80s seen around the area today. Wholesale prices have slowly been falling, we saw a low of about 2.06 last week before a slight rise to today’s 2.0948. [...]

0 comments Thursday 05 Jul 2007 | Posted By Patrick | Predictions

The DOE report which was released this morning at 10:30am due to the holiday was a relatively good report. I will make a few highlights. Refiners operated at 90% of capacity last week, a bit low, but above the psychologically significant 89.9%. Gasoline production increased (albeit small) to 9.4 million barrels per day (demand is [...]