Monday 26 Jan 2009 | Posted By
Patrick |
Predictions
Bad news tonight for consumers, although I personally believe that some issues will be addresssed and corrected before disaster hits. Without wasting time, let me cover the issues. First, we have a number of refineries reporting being completely shut down tonight, including a 245,000bpd refinery in Texas and a 108,000bpd refinery in Washington. We also have some [...]
Thursday 02 Oct 2008 | Posted By
Patrick |
Predictions
As prices continue to fall here in the Midwest, the South has not yet forgotten the sting and pain that Hurricane Ike brought, roughly 3 weeks ago. Atlanta, GA is still suffering from periodic gas shortages and high prices. The same is occurring in other locations in the South. Here in Michigan it is relatively [...]
Sunday 28 Sep 2008 | Posted By
Patrick |
Predictions
That’s right… Port Arthur’s major refineries have finally been restored power and all four of them have announced they are at the beginning stages of restarting their facilities. This is excellent news for everyone as these refiners mark the last facilities to come back online after Gustav and Ike battered the Gulf. Prices nationwide should [...]
Wednesday 24 Sep 2008 | Posted By
Patrick |
Predictions
With prices falling (and rightfully so) to the $3.60′s (suburbs) and $3.70′s (GR area) and much lower in other parts of the state, is a hike likely anytime soon? It could be… chances are really 50/50, but I personally filled up just in case so I wouldn’t get caught losing too much money if prices [...]
Saturday 20 Sep 2008 | Posted By
Patrick |
Predictions
Come on Grand Rapids! Hastings is $3.82, I was there last night. Lowell is $3.87, but Grand Rapids still isn’t any cheaper than $3.95! Honestly now… Lowell and Hastings stations aren’t much different than stations in Grand Rapids… they likely bought their fuel from the same rack as the stations from Hastings, but GR is [...]
Monday 15 Sep 2008 | Posted By
Patrick |
Commentary
Oil seems likely to continue its fall tonight and tomorrow as Big Oil assess its refineries after Hurricane Ike. Grand Rapids prices should head WELL South of $4! Also according to Reuters calculations, here are some of the numbers that have impacted gasoline prices: CUMULATIVE IMPACT OF GUSTAV AND IKE *20.48 million barrels of crude [...]
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