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4 comments Thursday 31 Jul 2008 | Posted By Patrick | Predictions

Today’s sneaky price hike was the result of a poor DOE report that showed gasoline stockpiles posting a surprising loss of 3.5mb when they were “expected” to rise marginally by 500,000 barrels. The market yesterday was up 14-cents per gallon. It’s a weak excuse to rise prices, as only stations that bought gasoline today and [...]

8 comments Wednesday 23 Jul 2008 | Posted By Patrick | Predictions

A good DOE report, good news here, good news there, congress acting… blah blah… prices are falling! Wholesale gasoline prices, as you can see from the ticker on the left have been taking another beating this afternoon after a quiet morning. Prices at this hour are down nearly another 11-cents… meaning nationwide price averages definitely [...]

1 comment Wednesday 16 Jul 2008 | Posted By Patrick | Predictions

Wholesale gasoline and oil prices continue their fall today, with gasoline shedding ANOTHER 13 cents… making the two day total OVER a 30-cent drop! If you can wait to fill up, prices around the nation will slowly be falling the next few days and over the weekend… Here in Grand Rapids and in the Midwest, [...]

2 comments Friday 11 Jul 2008 | Posted By Patrick | Commentary

Oil is $146 a barrel today. Want to know why U.S. supplies are OVER 50 million barrels below where they were last year? Want to know why oil prices keep rising? The two are directly connected, and its going to keep getting worse unless the dollar strengthens. As I said, today oil hit $146- a [...]

1 comment Wednesday 02 Jul 2008 | Posted By Patrick | Predictions

EDITED AN EARLIER POST: Prices are $4.25 @ benchmark in Indiana! GET GAS! Earlier post: While trees are coming down in Grand Rapids at this hour, I will unfortunately predict that our gas prices will rise. (I’m watching the TV… rain between 6-24″ deep in spots and people are willing to chance HYDRO-LOCKING their engines [...]

2 comments Thursday 19 Jun 2008 | Posted By Patrick | Predictions

Today’s market slid over 13-cents per gallon on positive news coming out of China: they’re finally lowering subsidies on oil and fuel products. The market immediately turned south after realizing that one of the biggest developing nations was now passing on higher prices to its consumers. This has the potential to turn the whole market [...]