Archive for October, 2002

Friday, October 4, 2002

0 comments Friday 04 Oct 2002 | Posted By Ed Aboufadel | Predictions

Now that the price hike due to Hurricane Lili is done, and the premium due to the special summer gas mixes are done, I expect prices to start dropping sharply, with a target of $1.25 in two weeks. If US/Iraq tensions escalate, then all predictions are off, but there shouldn’t be an attack for [...]

Wednesday, October 2, 2002

0 comments Wednesday 02 Oct 2002 | Posted By Ed Aboufadel | Predictions

Go buy gas today. I got this tidbit from a friend in the gasoline industry: “NYMEX prices today are not representative of what is happening in some of the key cash markets. Gulf Coast prices for gasoline have soared this morning on prospects of refinery run cuts, or even refinery damage, as Hurricane [...]

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