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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. [...]

0 comments Monday 17 Sep 2007 | Posted By Patrick | Predictions

Today marks the change back from summer gasoline to the winter blend that is much easier and less expensive to produce. Will this play a major factor in deciding whether prices go up tomorrow? It definitely could. I am looking for a hike to $2.99, but it may or may not happen, and it may [...]

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 Thursday 17 May 2007 | Posted By Patrick | Predictions

Hi everyone… We’re hearing more bad news from a different refinery this time. Valero has announced that problems at Houston refinery have shut 130,000 barrels of refining per day. The profit for turning one barrel of crude into 2 parts gasoline and 1 part distillate is now $30.20, the highest since 1989, and $10 more [...]

0 comments Wednesday 18 Apr 2007 | Posted By Patrick | Commentary

Well, the DOE report was mixed: both good and bad. The great news:Refiners out did just about every prediction and utilized 90.4% of their capacity last week. Professional analysts expected refiners to use 88.7%, so this very much surprised them. I had predicted refiners to use up to 89.2% of their capacity so this too [...]

0 comments Wednesday 17 Aug 2005 | Posted By Ed Aboufadel | Predictions

This is what I am seeing right now: low price in town is $2.65 in Wyoming. Gasoline futures down hard today, almost 9 cents a gallon, corresponding to a new 0-cent margin price of $2.48 and a 20-cent margin price of $2.69. That would lead me to a prediction of lower prices continuing through the [...]