Since Election Day, we have been playing ping-pong between $1.79 and $1.99 in town, as wholesale prices continue bouncing between $1.23 and $1.30. Some of the movements have been fast in both directions, and I think this week we’ll see more of the same. Look for prices to move down towards $1.79 and [...]
0 comments Monday 29 Nov 2004 | Ed Aboufadel | Predictions
Wow, futures exploded upwards on Friday, and continue their path higher this morning. That puts the 20-cent margin price at $2.03 and rising. With prices already below $1.90 this morning, and Thanksgiving coming up, I smell another price rise, either Tuesday or Wednesday. Time to play horseshoes: there was a [...]
0 comments Monday 22 Nov 2004 | Ed Aboufadel | Predictions
I tend to criticize Speedway a lot, but they have been leading prices down from the $2.15 on October 25. Today a few Speedways are asking $1.82 or $1.83 for a gallon of gas, the cheapest in town. If this morning’s indications on NYMEX are correct, prices will continue to fall this week! [...]
0 comments Monday 15 Nov 2004 | Ed Aboufadel | Predictions
Wholesale prices have dropped again! The 20-cent margin price is now $1.95, while the low price in town is $1.87. I am reconsidering my last prediction of a price hike tomorrow. I’m going to go with something less certain: If there is a price hike on Thursday, then it will be [...]
0 comments Wednesday 10 Nov 2004 | Ed Aboufadel | Predictions
Wholesale prices have dropped 14 cents since the last price hike to $2.15 on October 25. That tells you that $2.01 is the 20-cent margin price right now. Seeing how prices in town range from $1.90 to $2.01 this morning, that sets up the following scenario: prices drop towards $1.83 by Wednesday, [...]
0 comments Monday 08 Nov 2004 | Ed Aboufadel | Predictions
