Archive for June, 2004

Monday, June 7, 2004

0 comments Monday 07 Jun 2004 | Posted By Ed Aboufadel | Predictions

As they say at Wal-Mart, “Watch for falling prices”. Wholesale prices went on a dive last week, so retail prices should follow. Using today’s wholesale price, I calculate that the 0-cent margin price is $1.77, so that’s the floor right now for how low prices can go. However, I imagine the retailers [...]

Thursday, June 3, 2004

0 comments Thursday 03 Jun 2004 | Posted By Ed Aboufadel | Predictions

Once again, a spike in the price of oil and gas got passed along to consumers, with prices yesterday rising to $2.18 or so. This was a spike — wholesale prices have dropped significantly the last two days on positive news from OPEC. Even with the 10-cent Chicago Summer Premium (for reformulated gasoline), [...]

Tuesday, June 1, 2004

0 comments Tuesday 01 Jun 2004 | Posted By Patrick | Predictions

When I first started with the Gas Game, one of my rules was that if prices stayed the same for a few days, expect a price hike. In Standale, the price has been stuck on $2.05 for a week, although it is below $2 elsewhere. Meanwhile, the big talk on CNBC this morning [...]

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