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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 [...]

2 comments Thursday 04 Sep 2008 | Posted By Patrick | Commentary

News this noon from WSJ that oil companies may have reported false oil inventory levels to benefit their positions: The U.S. futures market regulator is investigating whether companies are reporting false oil inventory levels to benefit their trading positions, The Wall Street Journal reported on Thursday. The paper, quoting people familiar with the probe, said [...]

0 comments Wednesday 20 Aug 2008 | Posted By Patrick | Predictions

Ouch! What a terrible DOE report today, looks like large losses in gasoline stockpiles is becoming the norm. I’ll keep this short today so that I can enjoy just a little bit of vacation. The DOE report as said was pretty rough for gasoline consumers. While oil inventories rose an amazing 9.6 million barrels, gasoline [...]

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 [...]

1 comment Wednesday 16 Jul 2008 | Posted By Patrick | Predictions

Wholesale gasoline and oil prices continue their fall today, with gasoline shedding ANOTHER 13 cents… making the two day total OVER a 30-cent drop! If you can wait to fill up, prices around the nation will slowly be falling the next few days and over the weekend… Here in Grand Rapids and in the Midwest, [...]

2 comments Friday 11 Jul 2008 | Posted By Patrick | Commentary

Oil is $146 a barrel today. Want to know why U.S. supplies are OVER 50 million barrels below where they were last year? Want to know why oil prices keep rising? The two are directly connected, and its going to keep getting worse unless the dollar strengthens. As I said, today oil hit $146- a [...]