Archive for the Tag 'SPR'

We’re rounding the corner… Chinese Economic Stimulus to cause higher prices

I’m getting quite close to announcing a price hike in Grand Rapids and other Michigan areas as wholesale prices rise this morning, due to news of a Chinese Stimulus program to help their economy. This is not good news for consumers, as we’ve benefited from lower Chinese demand in the form of less competition for [...]

OPEC slashes production 1.5mb/day, but will it stop oil’s skid?

WRITTEN THIS MORNING (OCT 24, 7AM)
This morning OPEC convened and arrived at a decision to cut 1.5 million barrels of oil per day. Many of you are likely asking what we can now expect and what will happen. Let me try to shed some light for you.
It will be an interesting day on the market, [...]

DON’T FILL THAT TANK TO “F”! Read why…

That’s right folks- we’re in a huge downward trend. I’ll be the first to say I screwed up! I filled up for $3.77 (wow, seems like a while ago!) just TWO WEEKS ago… I’m still burning through that tank in fact. Was that a mistake? YES! Is it a mistake to do the same thing [...]

Oil prices falling uncontrollably? Update on refinery damage!

Oil seems likely to continue its fall tonight and tomorrow as Big Oil assess its refineries after Hurricane Ike.
Grand Rapids prices should head WELL South of $4!
Also according to Reuters calculations, here are some of the numbers that have impacted gasoline prices:
CUMULATIVE IMPACT OF GUSTAV AND IKE
*20.48 million barrels of crude oil
*102.79 billion cubic feet [...]

HOLY SMOKES! Retail gas prices to reach $5 in the South before Ike hits, over $4 here!

UP-TO-DATE HURRICANE IKE INFO OR CLICK “HURRICANE CENTRAL” NEXT TO THE BLINKING Q&A LINK

If you have any interests in the South (Texas, Lousiana) area, you might want to inform them to stockpile gas at ANY PRICE under $4. Grand Rapids will likely also see a price hike to over $4, with more hikes coming.
Currently, gasoline [...]

West Michigan’s higher prices justified, the pain will continue…

First off: Read this post thoroughly if you want to find out WHY prices are justified.
A brief thank you to Tom Kloza for taking the time out of his day (Publisher @ OPIS) to respond to a few questions I had.
I now understand and can say that I know why Grand Rapids (and all of [...]

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