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1 comment Wednesday 02 Jul 2008 | Posted By Patrick | Predictions

EDITED AN EARLIER POST: Prices are $4.25 @ benchmark in Indiana! GET GAS! Earlier post: While trees are coming down in Grand Rapids at this hour, I will unfortunately predict that our gas prices will rise. (I’m watching the TV… rain between 6-24″ deep in spots and people are willing to chance HYDRO-LOCKING their engines [...]

0 comments Thursday 26 Jun 2008 | Posted By Patrick | Predictions

Fill’er up tonight! After a 7-cent drop yesterday on the market, prices have *already* shot right back up to what they were at the market open on Wednesday. $4.15 has been a popular re-hike amount lately, but I expect between $4.19-$4.25 tomorrow in Michigan depending on today’s final numbers. Since Midwest PADD dropped significantly this [...]

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 [...]

0 comments Wednesday 04 Jun 2008 | Posted By Patrick | Predictions

It’s been a while since I wrote here folks, but it seems prices have been “somewhat” steady around our region, and quite steady (what a surprise!!) in Grand Rapids. If you read my previous post about the Summer Forecast, you’ll have a better idea where this post fits in the big picture. Of course my [...]

0 comments Wednesday 21 May 2008 | Posted By Patrick | Predictions

Today’s DOE report was just about as bad as they get. The government’s report showed oil inventories posting a surprising loss of well over 5 million barrels, while gasoline stockpiles fell as well even though refineries operated at slightly higher utilization than the previous week. Despite high prices, gasoline demand was report to only be [...]

2 comments Wednesday 26 Mar 2008 | Posted By Patrick | Predictions

Seeing as how refiners were losing money for parts of this week refining oil into gasoline, utilization was low. It is rare, but refiners were losing some money last week as the cost of a barrel of oil was *more expensive* than the cost of their finished gasoline. They were losing cents on refining every [...]