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0 comments Monday 31 Mar 2003 | Posted By Ed Aboufadel | Predictions

Oil and gas futures prices bottomed out on 3/21, and they climbed all last week. With a 20-cent markup, the price of gas comes in around $1.59, so expect a price hike this week, probably Tuesday, to near that price. Price rose last Monday to $1.66, so I was more-or-less CORRECT. Then, [...]

0 comments Monday 24 Mar 2003 | Posted By Ed Aboufadel | Predictions

Oil and gas futures plunged last week, as the war with Iraq got started. The drop in the futures corresponds to a 30-cent drop in retail price. Based on closing prices on Friday, the retail price, with no profit to the retailer, would be $1.30, and with their usual midweek-price-reset profit, is about [...]

0 comments Monday 17 Mar 2003 | Posted By Ed Aboufadel | Predictions

Late last week, gas and oil futures fell by 10%. This drop ought to be passed along to customers this week. Except, of course, that the war with Iraq will be starting this week. And what was with that unusual price action at the pumps late last week? Put it all [...]

0 comments Monday 10 Mar 2003 | Posted By Ed Aboufadel | Predictions

Wow, another move up in oil and gasoline futures late last week. Combine that with some sort of Chicago premium this winter, and a certain red-tinged retailer’s aggressive maintenance of their margins lately, and that means another price hike this week, to $1.89. I imagine this will happen on Tuesday, again. (The [...]

0 comments Wednesday 05 Mar 2003 | Posted By Ed Aboufadel | Predictions

My first instinct on Monday was to not make a prediction for the week. Between the volatile future markets, some question about whether prices are higer in the Midwest, and the continuing war vigil, that would have been the conservative thing to do. But, no, I needed to make a prediction. And [...]

0 comments Monday 03 Mar 2003 | Posted By Ed Aboufadel | Predictions

I found last week to be rather confusing. Why did prices go all the way back to $1.79? Why did prices go back down on Thursday, at least on the north side of town? My calculations say $1.69 with a 20-cent margin, and a $1.50 with no margin, and since we are [...]