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0 comments Wednesday 30 Jun 2004 | Posted By Ed Aboufadel | Predictions

My crystal ball is very murky about tomorrow, so I’m not going to make a prediction. Here’s what we do know: based on current prices, the 0-cent margin price (with an 8-cent Chicago Summer Premium) is $1.72, and the 20-cent margin price is $1.93. There is at least one station in town [...]

0 comments Tuesday 29 Jun 2004 | Posted By Ed Aboufadel | Predictions

Yesterday morning I was ready to predict a price hike, but then futures prices of oil and gasoline fell hard yesterday. Based on Monday’s closing prices, the 0-cent margin price (with an 8-cent Chicago Summer Premium) is $1.72. Also on my mind is that gas stations this month seem to have changed their [...]

0 comments Thursday 24 Jun 2004 | Posted By Ed Aboufadel | Predictions

Futures prices have been rising all week, so expect retail prices to only fall slowly over the weekend. Next week, June 30 is a huge day in geo-political and financial circles. This could lead to a spike higher in futures prices, and a nice price hike on Thursday, July 1. I’ll update [...]

0 comments Friday 18 Jun 2004 | Posted By Ed Aboufadel | Predictions

Did someone repeal the Chicago Summer Premium? Adding the premium in, and with a 20-cent margin, the retail price becomes $1.99. With stations below $1.80 in town, that’s a recipe for a price hike. Not that I’m complaining about lower prices. Nevertheless, I predict upper $1.90’s everywhere by the end of [...]

0 comments Monday 14 Jun 2004 | Posted By Ed Aboufadel | Predictions

With gas prices dropping towards $1.80, it is pretty clear that a price hike is coming this week to the upper $1.90’s. The question is: which day? A little more than half the time, a price hike comes on Thursday, so that’s the most likely candidate. But pay attention if prices are [...]

0 comments Thursday 10 Jun 2004 | Posted By Ed Aboufadel | Predictions

Gas for $1.90 was spotted yesterday on Division, while gas and oil future prices have continued to slip, lowering the 0-cent margin price to $1.76 (factoring in a 10-cent Chicago Summer Premium for reformulated gas). Meanwhile, you can buy gas for $2.14 in Ada this morning. Keep June 2004 in mind the next [...]