Archive for the Tag 'report'

Ivory Coast Plans to Build $7 Billion Refinery, Fraternite Says (Bloomberg)

March 13 (Bloomberg) — Ivory Coast is in talks with Venezuela-based Arevenca to build a $7 billion refinery in the western port of San Pedro, Fraternite-Matin reported.

Nigeria’s Kaduna Refinery to Resume End of March, Vanguard Says (Bloomberg)

March 13 (Bloomberg) — Nigeria’s Kaduna Refinery will resume operations at the end of March after undergoing repairs, Vanguard reported , citing Mohammed Barkindo , head of the state- owned Nigerian National Petroleum Corp.

Price restoration in Speedway States? 50/50 odds to $1.999

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 [...]

Follow-up on likely gas price hike… “triple whammy”

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 [...]

More price hikes coming for most of U.S., poor DOE report

Today’s DOE report definitely wasn’t so hot- showing a large loss in gasoline stockpiles when an increase was expected. Traders polled were expecting a small 500,000 barrel increase in gasoline stockpiles and the DOE reported a loss of 2.6 million barrels. In an interesting twist, supplies in storage in the Midwest region actually rose over [...]

Diesel under $2?! Quite possible in just days…

That’s right- you folks with the diesel trucks may FINALLY get to see diesel under $2 again, something maybe you thought (and I) that you wouldn’t see again in your lifetime! The Pilot station in Burns Harbor, Indiana (about a 1.5-2 hour drive from Grand Rapids) is currently selling diesel at $2.01. Now, you definitely [...]

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