Archive for the Tag 'tropical storm'

Another lousy DOE report, Speedway hikes to $3.95

Edit: Speedway has just hiked to $3.95 in Michigan; while not totally shocking, this is something that might have been expected. The Gas Game gets quite difficult to predict at times like this!
Another disappointing report from the Dept. of Energy this week, we can look for gasoline to trade higher today.
Perhaps due to the Hurricane/Tropical [...]

Watch out for a hike to $3.99!

After enjoying lower prices for a few weeks, I’m sad to announce I’m expecting a hike to $3.99 around Grand Rapids soon. Perhaps as early as Monday, or they could wait. Prices have been creeping up, we have a tropical storm in the Gulf that’s pushing prices higher (not as much as it could… small [...]

Tropical Storm Dean soon… watch prices head higher

Tropical depression #4 has formed today in the Atlantic with strengthening definite. This is the point where wholesale prices may find support for $3/gallon again, so be weary! If possible, grab some gasoline jugs and fill them- it could get sticky in a few weeks (higher gasoline prices).
Stay with me for the latest as I [...]

Decent DOE Report marred by “neutral news” turned significant by traders

The DOE report which was released this morning at 10:30am due to the holiday was a relatively good report.
I will make a few highlights.

Refiners operated at 90% of capacity last week, a bit low, but above the psychologically significant 89.9%.
Gasoline production increased (albeit small) to 9.4 million barrels per day (demand is 9.6 million barrels [...]

First tropical storm; wholesale prices rise: hike?

Well after a good DOE report, and after oil fell over $1 per barrel,
gasoline started to trade higher. Why? Not exactly sure, but traders
could be getting back in the market fearing that with the new tropical
storm that this year will be rough on the oil infrastructure in the
Gulf.
Gasoline ended up 4 cents today.
I checked my [...]

Earnesto Update!

Hope everyone is having a fabulous weekend.
Thought I would e-mail everyone and let them know the latest with gas
prices. I just checked the NHC latest forecast for soon-to-be
Hurricane Ernesto, and it doesn’t look good at all. It appears that
Tropical Storm Ernesto has sucessfully fought off a lot of windshear
(and still has some fighting to do!) [...]

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