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0 comments Monday 29 Mar 2004 | Posted By Ed Aboufadel | Predictions

Last week’s jump in futures prices looks like a temporary spike, as oil is getting close to $35 a barrel. Of course, that just gets us back to where we were a few weeks ago. If retail prices continue dropping to $1.64 or lower, expect a price hike on or about Thursday to [...]

0 comments Monday 22 Mar 2004 | Posted By Ed Aboufadel | Predictions

We have the recipe for a price hike this week. Futures up again last week (oil at $38 a barrel), wide range of prices around Grand Rapids (from $1.63 to $1.77), and continued global unrest. I don’t know when the price hike will occur this week, but I predict we break the $1.79 [...]

0 comments Thursday 18 Mar 2004 | Posted By Ed Aboufadel | Predictions

I’m posting today because there is a lot of weirdness going on. Tuesday’s price hike to $1.79 has apparently not been matched by everyone, particularly along Michigan Avenue, and the Speedway there is already down to $1.69. The US Dept. of Energy reports on the “This Week in Gasoline” website that last week [...]

0 comments Monday 15 Mar 2004 | Posted By Ed Aboufadel | Predictions

I don’t have my NCAA bracket filled out yet, but a price hike this week is certain, as retail prices have fallen into the $1.50’s, but wholesale prices have not fallen much. I suspect the price hike will be sooner than Thursday, somewhere in the vicinity of $1.79. On Tuesday, prices rose to [...]

0 comments Wednesday 10 Mar 2004 | Posted By Ed Aboufadel | Predictions

Lately, I find I need to wait until Tuesday or Wednesday to get a better picture of what is going on. So far this week, the futures have backed off a bit, but this morning they are up again, and again we are looking at $1.79 as a price target. You know the [...]

0 comments Tuesday 02 Mar 2004 | Posted By Ed Aboufadel | Predictions

A trip to the Flint/Saginaw area over the weekend indicated similar prices to Grand Rapids, so we are all in this together. Also over the weekend, I read in Barron’s predictions of $2.25 for gas this summer. As far as I am concerned, it is way too early to make that conclusion, but [...]