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 [...]
Monday 17 Sep 2007 | Posted By
Patrick |
Predictions
Today marks the change back from summer gasoline to the winter blend that is much easier and less expensive to produce. Will this play a major factor in deciding whether prices go up tomorrow? It definitely could. I am looking for a hike to $2.99, but it may or may not happen, and it may [...]
Tuesday 11 Sep 2007 | Posted By
Patrick |
Predictions
After noticing a few regional station making nice drops, I decided to load up last week’s Midwest PADD numbers. Finally! A jump from 45.2 million barrels to 46.3 million barrels. That should help West Michigan and the Midwest region to start dropping into the $2’s again… but for how long? Maybe just a couple weeks… [...]
Thursday 30 Aug 2007 | Posted By
Patrick |
Commentary
From CNBC.com (and The Toledo Blade below):
Midwest oil refineries are planning a heavy load of maintenance this autumn that could keep fuel supplies in the heartland tight through the rest of the year, according to a Reuters survey released Thursday.
Other regions of the United States, however, could see a lighter-then-normal fall maintenance season after many [...]
Monday 09 Jul 2007 | Posted By
Patrick |
Predictions
AHHHHHHHHH! BP WHAT ARE YOU DOING!?!
BP’s Whiting Refinery is AGAIN partially shut down/most shut down.
We’re going to see local prices SPIKE as we’ve already seen a hike to 3.25.
“BP apparently shut a crude unit at its 410,000 barrel per day
Whiting, Ind., refinery,” said Tim Evans, an analyst at Citigroup Inc.
The unit processes 250,000 barrels of [...]
Friday 18 May 2007 | Posted By
Patrick |
Commentary
In light of the fact that Speedway has *not* yet hiked (amazing), we should see a jump in prices come Monday. Make sure you’re full Sunday night just in case.
I am surprised that with the additional refinery shutdowns announced late yesterday and the 10 cent gain on the wholesale market that we haven’t seen the [...]
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