Archive for the Tag 'refineries'

HOLY SMOKES! Retail gas prices to reach $5 in the South before Ike hits, over $4 here!

UP-TO-DATE HURRICANE IKE INFO OR CLICK “HURRICANE CENTRAL” NEXT TO THE BLINKING Q&A LINK If you have any interests in the South (Texas, Lousiana) area, you might want to inform them to stockpile gas at ANY PRICE under $4. Grand Rapids will likely also see a price hike to over $4, with more hikes coming. [...]

West Michigan’s higher prices justified, the pain will continue…

First off: Read this post thoroughly if you want to find out WHY prices are justified. A brief thank you to Tom Kloza for taking the time out of his day (Publisher @ OPIS) to respond to a few questions I had. I now understand and can say that I know why Grand Rapids (and [...]

Math/Stats/Data

This page is filled with great information on the math behind gasoline prices, the stats of hikes, days they are most likely to occur, and the data behind why prices rise and fall. This information is about as raw as it gets, meaning it is hard to understand for some who haven’t looked at it [...]

Gustav downgraded before landfall, oil slides, easing likelihood of hike

Looks like folks can breathe a sigh of relief… for now. The NHC downgraded Gustav to a category two hurricane this morning, providing relief to a Gulf area that had been battered just 3 years ago by Katrina. At 10am EDT, oil was trading down nearly $3/bbl while gasoline shed 6-cents. Looks like there shouldn’t [...]

Wholesale gasoline market opens 10-cents higher approaches

UPDATE 4:50pm EDT: LOOP (Louisiana OffShore Oil Port) has been closed. Gustav is forecast to hit it directly. Any damage to LOOP would be catastrophic to the county and could raise oil prices $10 or more per barrel. This port provides over 1-million barrels of oil per DAY to the United States (via Middle East [...]

Gustav, Hannah, and Tropical formations, oh my!

Note: I decided I had better take a quick break from vacation. I was away hiking in Yellowstone, please forgive me for not posting. When my phone got service yesterday, I had received numerous voice-mails informing me that a Hurricane “Gustav” had formed and could be effecting gas prices. Unfortunately I’ve been out of the [...]

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