I am going to start using the “This Week in Gasoline” site to estimate what needs to be added or subtracted from NYMEX prices to get the wholesale price for the Midwest. Over the past few weeks, that site has reported a six-cent difference in prices between there and here, and that has worked [...]
Sunday 28 Dec 2003 |
Ed Aboufadel |
Predictions
I’m a little baffled at the variation of prices I saw around town this weekend. While some places held up the $1.54 price all weekend, down on 44th street, a gallon of gas could be had for $1.44. Still, with futures prices declining lately, I think we’ll get a Christmas present and no [...]
Monday 22 Dec 2003 |
Ed Aboufadel |
Predictions
Family matters have kept me away from the Gas Game lately. For those of you playing at home, you should be noticing a discrepancy between the expected gas price, using the NYMEX futures, and what has been happening in Grand Rapids, in that gas has been CHEAPER than expected in GR. My theory [...]
Tuesday 16 Dec 2003 |
Ed Aboufadel |
Predictions
Wholesale prices were up sharply on Tuesday, so expect a price hike today or tomorrow. The new price will be at or near $1.53. Prices rose to $1.49 on Thursday, December 4, so the prediction was CORRECT. After drifting lower in Standale, and dropping hard elsewhere, prices reset to $1.49 again on [...]
Wednesday 03 Dec 2003 |
Ed Aboufadel |
Predictions