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3 comments Tuesday 27 May 2008 | Posted By Patrick | Predictions

The long awaited 2008 Summer Driving season is now upon us, after a mostly gloomy and cool Memorial Day weekend here in Mid-Michigan. With gasoline prices approaching and surpassing $4, many are asking what’s in store for this Summer… what can I expect, when should I vacation? This post may be one of my longer [...]

0 comments Wednesday 21 May 2008 | Posted By Patrick | Predictions

Today’s DOE report was just about as bad as they get. The government’s report showed oil inventories posting a surprising loss of well over 5 million barrels, while gasoline stockpiles fell as well even though refineries operated at slightly higher utilization than the previous week. Despite high prices, gasoline demand was report to only be [...]

2 comments Wednesday 26 Mar 2008 | Posted By Patrick | Predictions

Seeing as how refiners were losing money for parts of this week refining oil into gasoline, utilization was low. It is rare, but refiners were losing some money last week as the cost of a barrel of oil was *more expensive* than the cost of their finished gasoline. They were losing cents on refining every [...]

0 comments Wednesday 30 Jan 2008 | Posted By Patrick | Predictions

I’ve taken some time to update the Refinery Status page with the latest knowledge of refinery issues, make sure to check it out by clicking the link at the top of the page “Refinery and U.S. Pricing Status” Now, on to the DOE report, which was good, except for a few things. The bad-Refineries utilized [...]

0 comments Saturday 26 Jan 2008 | Posted By Patrick | Commentary

Good afternoon from Orlando, Florida! Thanks to Ed for writing his predictions this week as I took a short respite from things. I noticed in Florida, a state with NO refineries, prices similar/lower than Michigan. They also have higher demand while Michigan has lower demand due to the Winter weather… so what gives? Florida is [...]

0 comments Sunday 30 Dec 2007 | Posted By Patrick | Commentary

As 2007 comes to a close, lets go over a brief review (seems like EVERYONE is doing a review of 2007- in pictures, in news, WHAT ELSE? Gasoline!) >High Price for Regular Unleaded was $3.65 on May 29, 2007>High Price for Diesel was $3.65 on November 19, 2007 >Low Price for Regular Unleaded was $1.85 [...]