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0 comments Wednesday 19 Dec 2007 | Posted By Patrick | Predictions

It’s Wednesday! I’m sure many of you know that means the Department of Energy releases its weekly petroleum report! Lets take a peek at what this weeks report contained: Well first, BP’s Toledo refinery came back online. This was echoed in the Midwest PADD numbers. The Midwest’s inventory of gasoline is at its largest number [...]

0 comments Friday 15 Jun 2007 | Posted By Patrick | Predictions

Finally…? Looks more likely that Grand Rapids and nationwide prices will start increasing again next week. We’ve seen a rally on the market Thursday and Friday as disappointing DOE results are starting to worry traders. The DOE Report showed no increase in stockpiles as should have been the case, according to analysts surveyed. They were [...]

1 comment Monday 11 Jun 2007 | Posted By Patrick | Predictions

Grand Rapids prices have been falling the last few days, and as I stated on a WOODTV8 interview this evening (5pm), I think we’ll see G.R. drop below $3 Tuesday or Wednesday before the DOE Report makes a potential effect on wholesale prices. The rest of the nation should see prices moderating a good amount [...]

0 comments Wednesday 16 May 2007 | Posted By Patrick | Predictions

Well, the DOE report was mixed. Here are some highlights: **Gasoline stockpiles added 1.7 million barrels, compared to the 1 million barrels analysts were predicting. **Oil stockpiles added 1 million barrels, compared to the 400,000 expected by analysts. **Gasoline demand is STILL up 1.0% over a year ago! DEMAND MUST DROP OR WE’RE IN TROUBLE! [...]

0 comments Wednesday 25 Apr 2007 | Posted By Patrick | Predictions

Well, hold on a second- the DOE report just came out, and you can expect gasoline to rise today… The DOE report was… BAD. Refinery utilization DROPPED to 87.8% this week after continued refinery problems kept gasoline stockpiles from building. Gasoline stockpiles are now WELL BELOW their average for this time of year. They fell [...]

0 comments Sunday 25 Mar 2007 | Posted By Patrick | Predictions

Seeing as how the last two weeks I called for hikes on Thursday or Friday, I waited this week to make the Monday predict. So… heres the Monday predict (and I’m pretty certain this one will be Monday) Prices have risen to near $2/gal wholesale as worries from Iran drive prices higher, as well as [...]