With the school starting up again, I plan on returning to posting once a week, either Monday or Tuesday. Looking ahead to this week, prices have done a nice job dropping towards that 0-cent margin price, although we still have a way to go to get to $1.67. I don’t think we will [...]
0 comments Monday 30 Aug 2004 | Ed Aboufadel | Predictions
I’m back after a trip to Rhode Island, followed by some minor surgery on my nasal passages. While recovering last week, I spent a lot of time watching CNBC and their obsession with the price of oil. It looked to hit $50, but has since backed off to $45.50. Consistent with what [...]
0 comments Tuesday 24 Aug 2004 | Ed Aboufadel | Predictions
You are probably hearing on the news about oil prices hitting all-time highs. Wholesale and retail gasoline prices aren’t, though. Someone on TV said the gas stations are afraid to raise prices too much — can that be true? Whatever it is, since wholesale gas prices aren’t surging, neither is retail prices. [...]
0 comments Monday 09 Aug 2004 | Ed Aboufadel | Predictions
On the chart I keep of gas prices, you can see a definite change in behavior after Memorial Day this summer. Price hikes have been less frequent, and prices have been allowed to drift down into 0-cent margin territory, while the Chicago Summer Premium has disappeared completely. And now, with crude oil trading [...]
0 comments Monday 02 Aug 2004 | Ed Aboufadel | Predictions
Loading ...| Crude Oil Oct 08 | 106.23 | |
| Rbob Gasoline Oct | 2.69 |
