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0 comments Thursday 29 Apr 2004 | Posted By Ed Aboufadel | Predictions

(The following was posted yesterday at the grandrapidsgasprices.com site. I thought I knew how to update this web page from home, but I couldn’t.) Seems that Speedway is trying everything it can to improve its profit margin. Earlier this year, it appeared to me that it was trying to increase the profit per [...]

0 comments Monday 26 Apr 2004 | Posted By Ed Aboufadel | Predictions

Looks like new highs for wholesale prices again today, which would lead to a fresh price hike to $1.91. I don’t think it will be tomorrow, though, as prices in Standale are $1.87 right now. I’ll update on Wednesday. WRONG? Speedway raised its prices on Tuesday to $1.89. Some other [...]

0 comments Wednesday 21 Apr 2004 | Posted By Ed Aboufadel | Predictions

The volatility continues — wholesale prices are 5 cents lower than they were on Monday, translating to a 20-cent margin price of $1.83. I still think we see a price hike by Thursday, but not as high as I thought in my previous posting. On Monday, I had the price right ($1.89) and [...]

0 comments Monday 19 Apr 2004 | Posted By Ed Aboufadel | Predictions

If I were asked about what was going on with gas prices, I would say that wholesale prices have gone up, and also that retailers have gotten a lot more aggressive about passing these price hikes along to the consumer. For an example of this, I take this morning’s wholesale prices in New York: [...]

0 comments Friday 09 Apr 2004 | Posted By Ed Aboufadel | Predictions

From the end of the day on Monday to the end of the day on Thursday, wholesale prices rose 14 cents! No wonder they hiked prices on Thursday. I need to change my approach here — in the past, using Monday’s prices was good enough to make a prediction for the week, but [...]

0 comments Monday 05 Apr 2004 | Posted By Ed Aboufadel | Predictions

The theme this week will be “watch those prices fall”. Wholesale prices plunged last week, and the 20-cent margin price is about $1.75 right now, which is below some retail prices at the moment. Unless oil prices spike up again this week, we’ll probably see prices somewhere in town below $1.60 a week [...]