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 issues [...]
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 [...]
The Spike Line
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