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0 comments Tuesday 27 Aug 2002 | Posted By Ed Aboufadel | Predictions

Gas is $1.40 in Standale, still $1.36 in Allendale. With the Bush/Iraq situation pushing wholesale prices up, it seems the smarter thing to do is to fill up the tank, which I did in Allendale this morning. I think we are more likely to see higher prices by Friday of this week. CORRECT, [...]

0 comments Friday 23 Aug 2002 | Posted By Ed Aboufadel | Predictions

A student told me today he noticed that prices in Allendale and Cooperville have been flat all summer. In fact, gas is $1.36 in Allendale today (see below), while it is $1.45 in Standale. Maybe this is related to the construction on M-45, but I don’t know. Come get your cheaper gas [...]

0 comments Tuesday 20 Aug 2002 | Posted By Ed Aboufadel | Predictions

Gas is $1.35 in Standale this morning. This has been about the place all summer where a price hike has occurred. (I note that the HU futures have been oscillating around $0.78 all summer.) So, expect a price hike this week, maybe to $1.49. CORRECT, although the hike was to $1.45.

0 comments Monday 19 Aug 2002 | Posted By Ed Aboufadel | Predictions

I’ve been out of town. More on that tomorrow. What is the price of oil doing close to $30 a barrel? I think I will fill the tank this afternoon. I got gas for $1.36 in Allendale.

0 comments Thursday 08 Aug 2002 | Posted By Ed Aboufadel | Predictions

After yesterday’s price hike, to speculate as to what is next depends on whether to factor in the Chicago Summer premium. Without it, expect prices to drop over the next two weeks, down to $1.19 or so. With it, expect prices to drop to $1.29. NYMEX gasoline futures continue to drop in [...]

0 comments Friday 02 Aug 2002 | Posted By Ed Aboufadel | Predictions

Gas prices have been falling for two weeks, and it appears they will continue. I have been having trouble with my predictions lately for one reason: The August unleaded contract was trading 8 to 9 cents higher than the September contract, for no apparent reason. Now the August contract has expired. [...]