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0 comments Monday 30 Jun 2003 | Posted By Ed Aboufadel | Predictions

By my calculations, retailers are currently breaking even by selling gas for $1.41 a gallon. This includes the 10-cent summer premium. So, I don’t understand how, on the south side of town, gas prices are $1.35 or so right now. Given that, and with the a big 3-day weekend coming up, we [...]

0 comments Monday 23 Jun 2003 | Posted By Ed Aboufadel | Predictions

Since peaking on June 11, wholesale gasoline prices have been drifting lower, and so have retail prices. With the 10-cent summer premium added in, the 0-cent margin price is $1.43, and the 20-cent margin price is $1.64. This morning, gas is selling for as low as $1.46. It seems clear that a [...]

0 comments Sunday 15 Jun 2003 | Posted By Ed Aboufadel | Predictions

Futures peaked last Wednesday, then dropped signifcantly the rest of the week. That puts the 0-cent margin right now at $1.47. Since we aren’t even close to that price, I don’t see a price hike this week. There was no price hike; the prediction was CORRECT.

0 comments Tuesday 10 Jun 2003 | Posted By Ed Aboufadel | Predictions

Futures did jump again on Friday, so it is time to re-evaluate. On June 1, retailers had to be selling the reformulated gas. Refiners had to start making it on May 1. In retrospect, this was adding 4 cents a gallon during May, and now 10 cents a gallon. This is [...]

0 comments Thursday 05 Jun 2003 | Posted By Ed Aboufadel | Predictions

Trying to make sense of this week’s price hike to $1.67, my guess is that the Chicago Summer Premium, which starts to appear in May, really kicks in come June. Looking at 2002 daily numbers seems to bear that out. I am gathering more information about this for my next post. For [...]