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1 comment Wednesday 27 May 2009 | Posted By Bill Eby | Predictions

With wholesale gas prices going up again today, we are at near break even margins here in Indiana (with a little breathing room in Michigan).  Prices here in the PADD2 area are now putting us in the red when it comes to national prices on the GasBuddy color map.  Today it went up due to [...]

0 comments Friday 01 May 2009 | Posted By Ed Aboufadel | Commentary

Comment on the April 24 posting:  A week ago, I worried about a hike to $2.15.  We got it this week in two chunks — first to $2.05 on Tuesday, and then to $2.15 today.  Wish I had filled up this morning. Friday, May 1, 2009, 3:30PM:  I was surprised to check out gas prices [...]

2 comments Wednesday 15 Apr 2009 | Posted By Patrick | Predictions

With prices falling locally and wholesale prices remaining relatively flat, we’re close to a price hike. I am led to believe that odds are against a hike, but it’s very close. If you need gas and can find it on your next trip out for less than $2/gal, I would definitely fill up. I’m nearing [...]

0 comments Tuesday 17 Mar 2009 | Posted By Patrick | Predictions

As Speedway raised prices to $1.999 this morning, oil was busy having a rally of it’s own. The active April contract hit just shy of $50/bbl today, and tomorrow’s Department of Energy report may result in an extended oil rally (meaning higher gasoline prices). The DOE report tomorrow is setting the stage for $50 oil. [...]

0 comments Saturday 14 Mar 2009 | Posted By Ed Aboufadel | Predictions

Saturday, March 14, 2009, 3:00 PM:  Since the March 5 hike to $2.05, NYMEX and AXXIS numbers have bounced around but are basically where they were at on that day.  Patrick is reporting that wholesale prices around Chicago have been pretty volatile down and back up, and that would explain $1.73 in Fort Wayne and [...]

comments off Friday 13 Mar 2009 | Posted By Patrick | News

PetroChina said it had received government permission to build a new refinery in southern China to process heavy crude oil from Venezuela.The joint PetroChina and Venezuelan project will result in a refinery that can process 200,000 barrels per day, El Universal reported Friday.General Manager Jiang Jiemin of PetroChina’s parent company China National Petroleum Corp., said PetroChina would own …