0 comments Monday 28 Apr 2003 | Posted By Ed Aboufadel | Predictions
Down, down, down, down, down. Prices will go down all week and get to $1.37 by the weekend. CORRECT on the main question — no price hike last week. Prices didn’t drop as much as I thought, though, and stayed in the $1.40’s around GR.
0 comments Monday 21 Apr 2003 | Posted By Ed Aboufadel | Predictions
Futures prices rose sharply last Thursday in anticipation of this Thursday’s emergency OPEC meeting, and my calculations indicate the floor for gas prices this week is $1.40. At some places right now, the price is $1.47. I predict prices will fall for another day or two, to around $1.42, and then a price [...]
0 comments Monday 14 Apr 2003 | Posted By Ed Aboufadel | Predictions
Although volatile, futures prices ended last week about where they began. Retail prices seem to have caught up finally, as I see the low end of gas prices to be about $1.30 right now. (However, looking at the numbers the past six months, I see that I need to recalibrate my formulas, which [...]
0 comments Monday 07 Apr 2003 | Posted By Ed Aboufadel | Predictions
Looks like the end is in sight in Baghdad — at least that’s what the markets are telling us. Futures markets late last week were already predicting a big drop is gas prices, so watch for it this week, with prices below $1.40. We started seeing prices below $1.40 by the weekend, so [...]
Loading ...| Crude Oil Nov 08 | 77.70 | |
| Rbob Gasoline Nov | 1.81 |
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