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0 comments Wednesday 26 May 2004 | Posted By Ed Aboufadel | Predictions

I’ve been down in Florida the past week. On DisneyWorld property, there are only Hess stations. I saw the price go up from $1.93 to $1.94 to $1.95 over a 2-day period. How bizarre to see price hikes of only a penny! Meanwhile, in New York, oil and gas wholesale prices [...]

0 comments Wednesday 12 May 2004 | Posted By Ed Aboufadel | Predictions

Oil and gasoline futures are at it again. As I write this, oil is almost $41 a barrel, and wholesale gasoline is $1.34. That works out to retail price of $2.09 or so. There’s a lot of places where the price is $1.97 — would they hike prices 12 cents tomorrow? [...]

0 comments Monday 10 May 2004 | Posted By Ed Aboufadel | Predictions

Oil hit $40 a barrel on Friday, before backing off, and wholesale prices are dropping today. Still, another price hike is probably inevitable … oh, it happened this morning, with new price at Speedway being $2.08. Uggg, but right now it looks like you should get gas for less than $2 a gallon [...]

0 comments Wednesday 05 May 2004 | Posted By Ed Aboufadel | Predictions

I was kind of shocked to come home last night and here on CNBC that wholesale prices for gasoline rose 4 cents on Tuesday. They are rising another half cent today. Also, now that May is here, the Chicago Summer Premium is kicking in, which last year contributed another 4 cents during May. Put those [...]

0 comments Monday 03 May 2004 | Posted By Ed Aboufadel | Predictions

I guess two price hikes in one week was a bit much. Well, you can be sure there will be a price hike this week, with a scary new price like $1.96 or so.This just in … someone on grandrapidsgasprices.com reports $1.94 this morning at a Speedway. No confirmation on the Speedway web [...]

0 comments Saturday 01 May 2004 | Posted By Ed Aboufadel | Predictions

Wholesale prices moved up a bit more since Wednesday, and if there is a price hike, we would be looking at a new price of $2.16. Given current prices, I predict no price hike on Tuesday or Wednesday. Although I was out of state, I gather that there was a price hike [...]