Monday 26 Jan 2009 | Posted By
Patrick |
Predictions
Bad news tonight for consumers, although I personally believe that some issues will be addresssed and corrected before disaster hits. Without wasting time, let me cover the issues. First, we have a number of refineries reporting being completely shut down tonight, including a 245,000bpd refinery in Texas and a 108,000bpd refinery in Washington. We also have some [...]
Thursday 15 Jan 2009 | Posted By
Patrick |
Predictions
Just to warn you, this post will be a bit lengthy, but may be incredibly insightful for some. First off, it looks like Ed has predicted a hike to $1.99. We’ll see if he’s right on… if you can get gas for around $1.80, fill up like I did tonight just in case. I’m not [...]
Saturday 10 Jan 2009 | Posted By
Ed Aboufadel |
Commentary
January 10, 2009, 12:00 PM: I was in Washington, DC much of the week, but no one wanted to talk to me about gas prices. Actually, I was there for the annual mathematics meeting. Yes, we actually have annual meetings. Prices over $2 were standard in the DC area, and I watched the hike to [...]
Wednesday 07 Jan 2009 | Posted By
Patrick |
Predictions
After the expected Speedway hike to $1.99 Tuesday, we can expect a break in gas price hikes as the DOE released a favorable report on weekly oil inventories today. The report on oil and gasoline stockpiles contained some very good (bearish) news for the markets. It was expected that oil inventories were to gain 800,000 [...]
Sunday 04 Jan 2009 | Posted By
Patrick |
Predictions
After an unprecedented week of price hikes in the area, I am sad to report that more hike(s) are likely very soon. The stage is set for a price hike Monday to $1.99 (they’d go higher but I expect them to stay under $2 because of negative reaction), but the exact price may be different [...]
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) [...]
