Since the beginning of June, oil futures prices have been hovering around $30 a barrel, and since mid-June, we’ve seen retail gas prices get set at about $1.59, then drop slowly to about $1.39, and then reset to $1.59 on a Thursday. Unless something happens to oil futures prices the next two weeks, we [...]
0 comments Monday 28 Jul 2003 | Ed Aboufadel | Predictions
There will be a price hike this week, the question is when and how much. As for when, I’m just guessing here, but how about Wednesday. Tuesday is very possible, too. The new price will be at least $1.59. I’d say higher, but, again, I’m not sure if we are paying extra [...]
0 comments Monday 21 Jul 2003 | Ed Aboufadel | Predictions
Over the last two weeks, it is as if the Chicago Summer Premium has disappeared. However, at the same time, oil prices have been rising, now over $31 a barrel. (Who to blame: problems in Iraq, the Fed’s easy money policy?) With no summer premium, the zero-margin price today is $1.40. [...]
0 comments Tuesday 15 Jul 2003 | Ed Aboufadel | Predictions
With the added 10 cents for the summer, the 20-cent margin price is $1.67 this morning, while gas is selling for as low as $1.48 in town. Smells like a price hike is in the air this week, to $1.60 or higher. (I’d say more like $1.65, but I don’t know if Chicago [...]
0 comments Monday 07 Jul 2003 | Ed Aboufadel | Predictions
Loading ...| Crude Oil Oct 08 | 106.23 | |
| Rbob Gasoline Oct | 2.69 |
