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0 comments Sunday 16 Sep 2007 | Posted By Patrick | Predictions

With prices nose-diving around Grand Rapids this weekend, I’m thinking we’re going to see a hike sooner rather than later. The only question that remains is to what price? Quite tricky. The 0-cent margin is about $2.76 right now, with a few retailers making it down to as low as $2.79. I think that those [...]

0 comments Wednesday 12 Sep 2007 | Posted By Patrick | Predictions

…is that the Midwest PADD was up again! This week rising from 46.3 million barrels to 47.7 million. While gasoline stockpiles fell in most other locations, Midwest storage rose a very nice size chunk! We should see prices come down more, even factoring in the market increases today. Overall, the DOE report was miserable. Oil [...]

0 comments Tuesday 11 Sep 2007 | Posted By Patrick | Predictions

After noticing a few regional station making nice drops, I decided to load up last week’s Midwest PADD numbers. Finally! A jump from 45.2 million barrels to 46.3 million barrels. That should help West Michigan and the Midwest region to start dropping into the $2′s again… but for how long? Maybe just a couple weeks… [...]

0 comments Thursday 30 Aug 2007 | Posted By Patrick | Commentary

From CNN.com: JACKSON, Miss. (AP)–Chevron Corp.’s (CVX) largest U.S. refinery is processing less crude oil than normal since a fire two weeks ago, but company officials say they are still meeting their customers’ demands. The oil fire started Aug. 16 in a processing unit near the center of the Pascagoula plant, causing the evacuation of [...]

0 comments Thursday 23 Aug 2007 | Posted By Patrick | Commentary

Just took a glance at yesterdays DOE numbers once more and it looks like the Midwest PADD numbers have fallen back down to 46+ million barrels. This is the lowest we’ve seen in some time and could add 10-15 cents per gallon until local refiners kick it into high gear. Apparently refineries in the Midwest [...]

1 comment Sunday 12 Aug 2007 | Posted By Patrick | Predictions

As the local gap between high and low prices widen, I am fearful for a hike. Not only because my benchmark station re-raised after a drop to 2.68, but also because the same station is now at 2.75, and we’re usually 10-20 cents higher. PADD numbers last week could be the reason we haven’t seen [...]