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0 comments Friday 22 Aug 2003 | Posted By Ed Aboufadel | Predictions

In retrospect, yesterday’s price hike seems obvious when you look at what was going on in the futures market. Wholesale prices jumped 6 cents since the last price hike, and retail prices followed. There are indications that we have some serious supply problems right now, and it is not over yet. Yesterday [...]

0 comments Saturday 16 Aug 2003 | Posted By Ed Aboufadel | Predictions

After Thursday’s price hike, my initial guess was that there would not be another price hike this coming week. Then the blackout hit, and in the futures market, although nothing has happened to oil prices, wholesale gasoline prices for August have spiked. Adding to that, news in the GR Press this morning that [...]

0 comments Saturday 16 Aug 2003 | Posted By Ed Aboufadel | Predictions

Yesterday’s amazing price hike prompted an e-mail from an old friend in the industry. He reports that the Exxon Mobile refinery at Joliet, IL shut a large gasoline maker over the weekend for unplanned repairs, which added yet more juice to the Chicago wholesale prices. (Based on my calculation, Chicago wholesale prices are [...]

0 comments Monday 11 Aug 2003 | Posted By Ed Aboufadel | Predictions

Retail prices have dropped as low as $1.56 since jumping to $1.69 last Monday. If you think last Monday’s price hike was a fluke and that there is no Chicago Summer Premium to speak of this summer, then the futures prices say that there will be no price hike this week. However, if [...]

0 comments Thursday 07 Aug 2003 | Posted By Ed Aboufadel | Predictions

I go out of town for a week, and gas prices go crazy. What are we doing at $1.69 a gallon? Well, it looks like two things happened. One, futures prices shot up somewhat late last week. Second, it seems like the full 10-cent Chicago Summer Premium is back. (Trying [...]