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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 Wednesday 21 May 2008 | Posted By Patrick | Predictions

Sorry for all the updates, but this is just further support of $4 gasoline here in the Midwest tomorrow. My benchmark station in Burns Harbor, IN jumped from $3.89 to the $4.05 mark. We’ll likely see $4.19. Ohio and Indiana $4.09-$4.15. Top off/Fill up TONIGHT!

4 comments Wednesday 21 May 2008 | Posted By Patrick | Commentary

As of a few moments ago, Speedway has set the price of $3.99 at many of their Michigan, Indiana, and Ohio locations. This is a rare instance in the fact that Speedway is pricing gasoline the same in these states. Seems to be that they are favoring the consumer here and not going over $4 [...]

0 comments Wednesday 30 Apr 2008 | Posted By Patrick |

DISCLAIMER: When gasoline prices fall over an extended period of time (Mid September thru November 2008), and there aren’t RECENT PRICE HIKES, the Speedway Effect becomes irrelevant since it is based on prices on the wholesale market rising and falling. Without these price fluctuations, there is no dominance in any market. Studies have proven this. [...]

6 comments Friday 07 Mar 2008 | Posted By Patrick | Commentary

Here are some charts from GasBuddy.com; lets see if you can figure out where I’m getting at. Look at the charts and carefully look what 3 areas I’m charting (If you see Texas, it is simply used as a baseline because the state lacks a retailer that owns a large portion of the gas stations [...]

0 comments Monday 10 Dec 2007 | Posted By Patrick | Commentary

Only a month late to finish a complete restart (original deadline was 11/15), BP will finish its planned maintenance at its Toledo, Ohio refinery. With Midwest and Nationwide gasoline stockpiles suffering, the time couldn’t be better. The capacity at the refinery is 160,000bpd. According to Reuters, the refinery should be completely operational by the end [...]