That’s right, I expect another good jump in gas prices, as soon as tomorrow (Friday) in many Speedway States. Speedway did not raise as high as anticipated resulting in a higher risk of a price hike sooner, and the wholesale market was up a large amount today. Wholesale spot prices from Chicago rose 13-cents today [...]
Archive for the Tag 'refineries'
As I said earlier today, gasoline prices are likely to jump across all Speedway States as soon as tomorrow to $1.99 or even higher. I’ll follow up and let you know what’s going on. As you may know, Midwest prices have been seen as low as $1.59, much lower than the national average today of [...]
Comment on the January 28 posting: Two days after that posting, some places hiked to $1.95, others didn’t, which I think reflected my ambivalence. Eventually, everyone went to $1.95, but then prices started going back down. Saturday, February 7, 2009, 9:30PM: I have a program on my computer called Kana Reminder that I can set [...]
Late breaking news tonight that will have some breathing a sigh of relief. The United Steel Workers union and Shell have agreed to a basic contract for refineries and other chemical plants today, averting a strike that could have had a huge effect on U.S. gasoline prices. We can stop worrying about the strike and [...]
With the threat of a large strike being carried out by the United Steel Workers union and a large stimulus bill making its way through Congress, gas prices are going nowhere but up from the current national average of $1.85 per gallon. Prices have advanced lately because of a growing number of traders who see [...]
As I prepare to head to Canada this weekend (and possibly away from the internet) I wanted to update everyone. The likelihood of a strike by the USW (United Steel Workers), the union that represents 30,000 workers, has risen. Both union officials and refining companies continue to make emergency plans, with union workers voting to [...]