If there is a silver lining in yesterday’s price hike, the $1.79 price is at the 20-cent margin rather than a 25-cent margin. But that tells you that futures keep climbing. And between yesterday and today, they are up another two cents. It is too early to say what is going to [...]
0 comments Friday 27 Feb 2004 | Ed Aboufadel | Predictions
Last Thursday, we saw the another situation where many stations, led by Speedway, raised their prices to $1.76, while others only went up to $1.69. In fact, as of yesterday, prices were back below $1.70 on Lake Michigan Drive. So what’s going on here? When I started studying the situation a few [...]
0 comments Tuesday 17 Feb 2004 | Ed Aboufadel | Predictions
Quite a wide range of prices right now in Grand Rapids. Unfortunately, the futures turned up sharply today, and I now predict that Speedway and friends will see that and reset prices either Wednesday or Thursday, to about $1.70. For some places, that won’t be much of jump. For others, a bigger [...]
0 comments Tuesday 10 Feb 2004 | Ed Aboufadel | Predictions
On Monday, the price of oil spiked temporarily to $35 a barrel. This morning, it is back to $33. Looks like Mr. Big at Speedway either panicked or got greedy, but first thing Tuesday, the price of gallon of gas was $1.76. This price hike isn’t holding, and already you can get [...]
0 comments Thursday 05 Feb 2004 | Ed Aboufadel | Predictions
Arrgh — lost the Gas Game this week. When I saw gas yesterday afternoon for $1.53 at Fuller and Leonard, I knew then that a price hike was coming, but I didn’t fill up because I thought it would be on Thursday. As noted, it is already posted on the Speedway web site [...]
0 comments Tuesday 03 Feb 2004 | Ed Aboufadel | Predictions
Loading ...| Crude Oil Oct 08 | 106.23 | |
| Rbob Gasoline Oct | 2.69 |
