Month: April 2003

Monday, April 28, 2003

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.

Monday, April 21, 2003

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 hike this week to about $1.61. At some places around time, prices fell to $1.40. Then on Thursday, prices reset everywhere to $1.55, a little less than I expected, but I was pretty much CORRECT.

Monday, April 14, 2003

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 I will do after the semester is over.) Prices could drop to $1.30, or they could throw a price hike to $1.50 at us on Tuesday or Wednesday. So, no prediction this week, but be on the lookout for any strange price movements, either up or down. I don’t think I was hallucinating when I saw $1.52 at an Admiral station on Alpine on Wednesday, but it wasn’t until Thursday that prices rose to about $1.55. Seems like I’ve been about 5 cents off for a while now.

Monday, April 7, 2003

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 the prediction was CORRECT. (c) 2017 Frontier Theme