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0 comments Sunday 25 Mar 2007 | Posted By Patrick | Predictions

Seeing as how the last two weeks I called for hikes on Thursday or Friday, I waited this week to make the Monday predict. So… heres the Monday predict (and I’m pretty certain this one will be Monday) Prices have risen to near $2/gal wholesale as worries from Iran drive prices higher, as well as [...]

0 comments Thursday 18 Jan 2007 | Posted By Patrick | Predictions

Woaaaa!! Where do I start? How ’bout the DOE report. Refineries operated at just 87.9% of capacity last week. The week before they were at over 91%! Whats changed? Profit. It most likely has been dropping like a rock. With lower profit, refiners aren’t encouraged to pump out products, so this doesn’t surprise me. With [...]

0 comments Wednesday 04 Oct 2006 | Posted By Patrick | Commentary

Another good DOE report. Crude gained, gasoline gained, and distillates gained. Venezula and Nigeria cut their own oil output as a result of “low prices” (rediculous), but that news actually helped push oil prices lower because it was such a small cut (170,000 barrels together). I’m willing to bet while those countries cut their production, [...]