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0 comments Monday 29 Sep 2003 | Posted By Ed Aboufadel | Predictions

This is a difficult time of year to make predictions. With the end of September, the federal requirement for reformalated gasoline, to reduce pollution, is no longer in force, so the “Chicago Summer Premium” goes away. This should take 10 cents off of wholesale and retail prices, and I expect the CSP [...]

0 comments Monday 22 Sep 2003 | Posted By Ed Aboufadel | Predictions

Retail prices have finally caught up with the huge drops this month in wholesale prices. Excellent! This morning, there are stations asking $1.44 a gallon — a 35-cent drop from 11 days ago! Today I invent a new character: Mr. Big. Mr. Big is the guy who decides when all [...]

0 comments Friday 12 Sep 2003 | Posted By Ed Aboufadel | Predictions

Boy, did I lose the Gas Game this week. Early in the week, I was down to empty, but figuring prices would continue to fall, I only bought 5 gallons, at $1.69 a gallon. Two hours later, the price was $1.66. Today, I’m back to empty, and angry to see that prices [...]

0 comments Monday 08 Sep 2003 | Posted By Ed Aboufadel | Predictions

The price hike two weeks ago, to $1.88, corresponded with a spike in wholesale/future prices. Since then, those prices have dropped like a rock, but retail prices are taking their time. With the 10-cent Chicago Summer Premium, the 0-cent margin price today is $1.41, and the 20-cent margin is $1.63. Since prices [...]

0 comments Tuesday 02 Sep 2003 | Posted By Ed Aboufadel | Predictions

Grand Rapids Gas Prices (see link above) reports prices as low as $1.69 as I write this. That’s quite a drop from $1.88 a week ago. The September and October future prices are a lot friendlier than the August one was, so I see lower prices again this week, and no price hike. [...]