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0 comments Friday 30 May 2003 | Posted By Ed Aboufadel | Predictions

I’ve been traveling a bit, so I didn’t post on Monday. Futures prices have been pretty stable the past few weeks, keeping retail prices between the mid $1.40’s and $1.59. Since they hiked prices on Thursday to $1.59, expect prices to drift lower next week. (I was driving up I-94/I-196 from Indiana [...]

0 comments Monday 19 May 2003 | Posted By Ed Aboufadel | Predictions

If you thought winning in Iraq meant seriously lower gas prices, so far you are mistaken. Wholesale prices did drop significantly since mid-March, but they have climbed 15% lately (thank you, weak US dollar!), and we are back to where we were at the beginning of April. Back then, prices were in the [...]

0 comments Tuesday 13 May 2003 | Posted By Ed Aboufadel | Predictions

As you can see above, I am tinkering with my formula, which includes changing the wholesale price estimate, adding in the extra money for the reformulated gas required in the Chicago region, and adding in some miscellaneous charges that were brought to my attention the past year. Given all that, with a 20-cent margin, [...]

0 comments Friday 09 May 2003 | Posted By Ed Aboufadel | Predictions

Where the heck did that price hike come from yesterday? I’ve suspected for a while now that Speedway et. al. has moved to being more aggressive about protecting their margins, and it seems that is the case. Well, I guess we can count on no price hike this weekend.

0 comments Monday 05 May 2003 | Posted By Ed Aboufadel | Predictions

On March 7, wholesale unleaded gasoline was $1.16 a gallon. Last Friday, it was $0.77. That’s a 33% drop in wholesale prices. Retail prices have been slow to adjust. Take 33% off of the high of $1.80 in March, and you get $1.20. Of course, it isn’t that simple, and [...]