Archive for December, 2002

Venezuela

0 comments Friday 27 Dec 2002 | Posted By Ed Aboufadel | Predictions

I have no idea how this Venezuela situation is going to pan out, but every day, futures prices of oil and gasoline go up. That means retail prices could go up again early next week. On the other hand, if the strike is resolved, prices could drop quickly. Hard to predict, but [...]

Monday, December 23, 2002

0 comments Monday 23 Dec 2002 | Posted By Ed Aboufadel | Predictions

Out and about last Wednesday, I kept coming across temporarily closed gas stations. What was up with that? Looking ahead to this week, the wild card is the oil workers strike in Venezuela. (Tensions with Iraq will continue, but I don’t expect anything major.) This is starting to look serious, and [...]

Monday, December 16, 2002

0 comments Monday 16 Dec 2002 | Posted By Ed Aboufadel | Predictions

Futures prices continue to rise, so I am predicting another price hike this week, to $1.46 or so. CORRECT! Prices went up to $1.48

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Tuesday, December 10, 2002

0 comments Tuesday 10 Dec 2002 | Posted By Ed Aboufadel | Predictions

Futures prices, and problems Venezuela, say $1.41 will be the new gas price by the end of the week. CORRECT! Prices went up to $1.38.

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Monday, December 2, 2002

0 comments Monday 02 Dec 2002 | Posted By Ed Aboufadel | Predictions

I was in Indiana yesterday, and filled up for $1.09 in the morning. That afternoon, I noticed that prices were going up there. As I write this, I don’t know if prices have gone up in Grand Rapids this morning, but I’m guessing they will in the next 48 hours, maybe as high [...]

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