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3 comments Tuesday 09 Sep 2008 | Posted By Ed Aboufadel | Commentary

Comment on the August 25 prediction:  Prices did drop into the $3.70’s from $3.89, but not significantly due to the hurricanes.  To be fair, I’ll label that prediction WRONG.
September 9, 2008, 7:15 AM:  With the fall semester up-and-running at GVSU, I am planning on posting each Tuesday morning this semester.  Using NYMEX alone, the 0-cent [...]

1 comment Sunday 31 Aug 2008 | Posted By Patrick | Predictions

UPDATE 4:50pm EDT: LOOP (Louisiana OffShore Oil Port) has been closed. Gustav is forecast to hit it directly. Any damage to LOOP would be catastrophic to the county and could raise oil prices $10 or more per barrel. This port provides over 1-million barrels of oil per DAY to the United States (via Middle East [...]

1 comment Wednesday 20 Aug 2008 | Posted By Ed Aboufadel | Commentary

Wednesday, August 20, 2008, 4:30 PM:  AXXIS prices have gone down 12 cents since the last price hike, but NYMEX prices have gone up. I suspect that, all-in-all, wholesale prices are down a bit (particularly given my silly August formula from my last posting), but at the same time there are a lot $3.78’s around, [...]

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 dropped [...]

4 comments Thursday 14 Aug 2008 | Posted By Patrick | Commentary

A couple weeks ago, I blogged about how I typically fuel up at BP and recently became frustrated with their new mark-up scheme on mid-grade and premium gasoline. Their “grade gap” (also known as the difference in price between grades) HAD been nine cents (3.90/3.99/4.08) for as long as I could remember. About a month [...]

7 comments Tuesday 12 Aug 2008 | Posted By Ed Aboufadel | Commentary

Tuesday, August 12, 2008, 3:45 PM:  Didn’t get to check in last week as I was traveling and unable to connect to the Internet.  Imagine my surprise, though, upon returning to GR to see that prices haven’t moved much.  I got a media call at the end of July asking about this, and at the [...]