Archive for the Tag 'refinery'
Price restoration in Speedway States? 50/50 odds to $1.999
1 comment Wednesday 04 Mar 2009 | Posted By Patrick | Predictions
Not very solid on this folks, maybe 50/50, but I think we’re awfully close to a “price restoration” in Speedway States to maybe $1.999. Like I said, I don’t feel as confident on calling this hike as I have on others, but I think that some stations dropped prices following the markets closing price on [...]
Speedway States prepare for more price hikes!
1 comment Thursday 26 Feb 2009 | Posted By Patrick | Predictions
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 [...]
Follow-up on likely gas price hike… “triple whammy”
0 comments Wednesday 25 Feb 2009 | Posted By Patrick | Predictions
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 [...]
Refinery strike temporarily delayed by 24-hours
0 comments Saturday 31 Jan 2009 | Posted By Patrick | Predictions
The USW union has just announced that negotiations with refinery operators have improved, and have delayed a strike by 24-hours. While it may not seem like much of an extension, it is good news that talks are finally getting somewhere. It is yet to be seen if the next 24-hours will yield the progress that [...]
Union authorizes strike Sunday, oil companies making contingency plans
8 comments Thursday 29 Jan 2009 | Posted By Patrick | Predictions
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 [...]
