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0 comments Monday 27 Oct 2003 | Posted By Ed Aboufadel | Predictions

Hey, I think I learned something last week. Last year during the third week on October, at the end of the week, prices seem to reset down, probably signaling the end of the Chicago Summer Premium. This year, they did the same. In 2002, right around Halloween, there started to be real [...]

0 comments Tuesday 21 Oct 2003 | Posted By Ed Aboufadel | Predictions

Until I am convinced otherwise, I am going to factor a 10-cent “Chicago Autumn Premium” into my calculations. With the CAP, the 0-cent-margin price is $1.42 and the 20-cent-margin price is $1.64. The lowest price in town this morning appears to be $1.52. I predict prices will get down to $1.46 by [...]

0 comments Wednesday 15 Oct 2003 | Posted By Ed Aboufadel | Predictions

After Mr. Big lost money on the Packers versus the Chiefs, he decided it was time for a rare Monday price hike. I checked with a source that wholesale prices in the area, with all the taxes in already, are at about $1.50 right now, so $1.69 is about at a margin of 20 [...]

0 comments Monday 13 Oct 2003 | Posted By Ed Aboufadel | Predictions

The price of oil has gotten back up to $31 a barrel. I foresee a price hike later this week. $1.57? I posted my prediction at noon on Monday … it appears that Mr. Big ordered a price hike just before then, to $1.69, so while the prediction was correct, I don’t [...]

0 comments Monday 06 Oct 2003 | Posted By Ed Aboufadel | Predictions

There are two things tugging at prices right now. On the one hand, with October here, reformulated gasoline is no longer required to be sold, so wholesale prices to the retailers should be going down. On the other hand, a barrel of oil is above $30 again, after dropping below $27 two weeks [...]