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2 comments Monday 26 Jan 2009 | Posted By Patrick | Predictions

Bad news tonight for consumers, although I personally believe that some issues will be addresssed and corrected before disaster hits. Without wasting time, let me cover the issues.
First, we have a number of refineries reporting being completely shut down tonight, including a 245,000bpd refinery in Texas and a 108,000bpd refinery in Washington. We also have some issues [...]

1 comment Sunday 04 Jan 2009 | Posted By Patrick | Predictions

After an unprecedented week of price hikes in the area, I am sad to report that more hike(s) are likely very soon. The stage is set for a price hike Monday to $1.99 (they’d go higher but I expect them to stay under $2 because of negative reaction), but the exact price may be different [...]

17 comments 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. [...]

1 comment 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 [...]

3 comments 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. [...]

0 comments 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 [...]