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0 comments Tuesday 27 Jul 2004 | Posted By Ed Aboufadel | Predictions

In many parts of town, the retailers continue to give us a break on gas prices, with prices as low as $1.65 this morning. Yet, futures prices have stayed about the same for a few weeks. So, it is clear to me that we get a price hike this week, and I wouldn’t [...]

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

Although futures prices have fallen a bit this week, if there weren’t a number of places in town in the low $1.80’s, I would say no price hike for the rest of the week. The way things are, there could be a price hike, and some places wouldn’t even change their prices. So, [...]

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

Oil and gas wholesale prices were actually pretty stable last week, according to NYMEX. I’m really confused about the disappearance of the Chicago Summer Premium. Don’t get me wrong — lower than expected gas prices are great — but I’m wondering who is losing their profit here — the retailers, the refiners, or [...]

0 comments Monday 12 Jul 2004 | Posted By Ed Aboufadel | Predictions

It seems that for the past month or so, retailers have been less enthusiastic about higher prices. Last week’s price hike, for instance, suggests a 2-cent Chicago Summer Premium (usually 10-cents at this time of year), and the price hike did not quickly spread around town. Then prices fell quickly over the weekend [...]

0 comments Tuesday 06 Jul 2004 | Posted By Ed Aboufadel | Predictions

I am predicting a price hike for Wednesday or Thursday to $1.99 or so. Futures prices have been climbing for a week. Absolutely CORRECT, as prices rose to $1.99 on Wednesday at Speedway, and then elsewhere.