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17 comments Thursday 13 Nov 2008 | Posted By Patrick | Commentary

That’s right- the State is thinking of raising gasoline taxes now that the price of gasoline has come down. With gasoline under $2, the State is exploring options to raise gas taxes. And to think- "In five years… you’ll be blown away"… with what, new taxes? Thanks Jennifer!
<– GIVE US YOUR OPINION IN OUR POLL!
From the Associated Press: (News Story HERE)

LANSING — Gov. [...]

1 comment Sunday 26 Oct 2008 | Posted By Patrick | Predictions

 
A Speedway gas station in Fairfield, Ohio is reporting gas prices at $1.99 tonight! Is Grand Rapids headed there? There is a remote chance… today’s COST is roughly $2.28 to stations, so we still have a lot of room to fall, and I expect local prices here to decline.
However, I am worried that oil prices [...]

10 comments 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 [...]

5 comments 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 [...]

2 comments Sunday 14 Sep 2008 | Posted By Patrick | Commentary

EDIT: FOR LATEST UPDATES ON REFINERY DAMAGE/SHUTDOWNS, VISIT THE REFINERY STATUS PAGE
NYMEX opened today at 10:30am, a break from when the exchange usually opens in the evening for electronic/international trading.
At 2:00EDT, gasoline for October delivery was trading down 12-cents/gallon while oil fell below $100/bbl.
I am researching and making calls today for possible damage reports. So [...]

0 comments Tuesday 09 Sep 2008 | Posted By Patrick | Predictions

In the Grand Rapids, MI area, from June 1, 2001 to mid-July 2007, there have been 245 price hikes over a period of about 2230 days. That averages out to a price hike every 11 days.
When there is a price hike, when does it occur?
Mondays: 28 times; 11.4%
Tuesdays: 56 times; 22.9%
Wednesdays: 50 times; [...]