0 comments Monday 20 Sep 2004 | Posted By Ed Aboufadel | Predictions
Last Wednesday’s price hike indicated a 5-cent premium over New York prices. This all could be Hurricane Ivan-related, but I don’t know. But futures keep rising, which suggests another price hike this week to over $2. Absolutely CORRECT, as prices rose to $2.05 on Thursday.
0 comments Wednesday 15 Sep 2004 | Posted By Ed Aboufadel | Predictions
Since Monday, the stars have aligned for a price hike in the next 48 hours. Prices have dropped to $1.77 at certain places, including the Citgo in Standale, while wholesale prices have climbed, probably stoked by fears of Hurricane Ivan hitting the refineries on the Gulf Coast. Expect a new price of $1.94 [...]
0 comments Monday 13 Sep 2004 | Posted By Ed Aboufadel | Predictions
Futures are up today, after being down on Friday, so not much information there. The cheapest gas in town is about $1.80 right now versus a price-restored price of $1.89. So, it seems that if we see some price drops towards $1.70, there will be a price hike on Thursday. If oil [...]
0 comments Tuesday 07 Sep 2004 | Posted By Ed Aboufadel | Predictions
First, a prediction: no price hike this week. Nothing in the futures prices indicates it. Now, on to the article in the September 1 Grand Rapids Press about gas prices. Mark Griffin, president of the Michigan Petroleum Association/Michigan Association of Convenience Stores, is quoted as saying, “The fact is, our members [...]
Loading ...| Crude Oil Nov 08 | 73.08 | |
| Rbob Gasoline Nov | 1.75 |
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