Thursday’s price hike was not as bad as I feared, and it sent me to my records to see that last December, there was also a “discount” from the predicted price. Remember my predictions are based on the trading of gasoline futures in New York, since those quotes are readily available, so we’re seeing [...]
0 comments Monday 20 Dec 2004 | Ed Aboufadel | Predictions
I’ve commented before on the change in gas price behavior that seemed to take effect in mid-June of this year. During the first half of 2004, price hikes came weekly, and margins were allowed to get down to about 10 cents before a hike. Since then, we’ve hit the 0-margin price several times, [...]
0 comments Monday 13 Dec 2004 | Ed Aboufadel | Predictions
It has been observed by Patrick DeHaan that the Dept. of Energy report on Wednesday morning has had a major impact on wholesale prices, particularly lately. That is what happened last week, and prices are dropping. As of lunchtime today, Friday’s wholesale prices are holding, which translates to 0-margin retail price of [...]
0 comments Monday 06 Dec 2004 | Ed Aboufadel | Predictions
The drop in oil and gas prices this week has been amazing. The 0-cent margin price this morning is $1.64, so that’s our target for early next week. So, look for price drops to continue through the weekend. Low price Monday morning was $1.75.
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0 comments Friday 03 Dec 2004 | Ed Aboufadel | Predictions
