Thursday 13 Nov 2008 | Posted By
Patrick |
Commentary
That’s right- the State is thinking of raising gasoline taxes now that the price of gasoline has come down. With gasoline under $2, the State is exploring options to raise gas taxes. And to think- "In five years… you’ll be blown away"… with what, new taxes? Thanks Jennifer!
<– GIVE US YOUR OPINION IN OUR POLL!
From the Associated Press: (News Story HERE)
LANSING — Gov. [...]
Tuesday 14 Oct 2008 | Posted By
Patrick |
Predictions
As of late, oil and gasoline have been virtually tied to the Dow as we look to economic woes as reasons to sell-off gasoline and oil contracts. With the Dow finally putting together a noteworthy rally, gasoline and oil both surged.
With a gain in wholesale prices along with much tighter Midwest supplies, we can expect [...]
Tuesday 27 May 2008 | Posted By
Patrick |
Predictions
The long awaited 2008 Summer Driving season is now upon us, after a mostly gloomy and cool Memorial Day weekend here in Mid-Michigan. With gasoline prices approaching and surpassing $4, many are asking what’s in store for this Summer… what can I expect, when should I vacation?
This post may be one of my longer posts. [...]
Tuesday 19 Feb 2008 | Posted By
Patrick |
Commentary, Predictions
With wholesale market prices rising almost 10 cents already this morning, we will see another hike this week to 3.29-3.35, depending on if this rally holds, but I expect that it will. In fact, I see another rally tomorrow of this magnitude. I think the only thing that will slow these bulls down is the [...]
Monday 18 Feb 2008 | Posted By
Patrick |
Predictions
Speedway has just set the price of $3.19 at their stations this morning (fill up!), but the larger question- is this the start of the ugly mess called the “Spring Run-up”? I’m pretty sure this is it… just like the Nazi submarine in the movie U-571… we’re going up and can’t slow our ascent! We’re [...]
Wednesday 19 Dec 2007 | Posted By
Patrick |
Predictions
It’s Wednesday! I’m sure many of you know that means the Department of Energy releases its weekly petroleum report!
Lets take a peek at what this weeks report contained:
Well first, BP’s Toledo refinery came back online. This was echoed in the Midwest PADD numbers. The Midwest’s inventory of gasoline is at its largest number since the [...]