Readers of my postings know I have argued strongly against the idea that large gasoline retailers use low prices to drive out competition. My primary example has been Speedway, a large gasoline retailer, who typical takes the lead on price hike days. So, the report in this weekend’s GR Press about the gas [...]
0 comments Tuesday 22 Feb 2005 | Ed Aboufadel | Predictions
Pretty peculiar out there right now — in many parts of town, prices are in the $1.93 to $1.99 range, following up the price hike last week. In other parts, there didn’t seem to be a price hike, and prices are in the low $1.80’s. Wholesale prices are odd, too. I usually [...]
0 comments Tuesday 15 Feb 2005 | Ed Aboufadel | Predictions
Wholesale prices haven’t changed too much, so that’s not a factor. I am going to appeal to one of my original rules — when gas prices stop going down, expect a price hike soon. Prices seem stuck at $1.85 or so in Standale. The price tomorrow, I predict, will around $1.96. [...]
0 comments Wednesday 09 Feb 2005 | Ed Aboufadel | Predictions
Wholesale and retail prices have dropped 10 cents since last Tuesday, so we are back where we were a week ago. Retail prices should drop by several cents the next two days, and then the question will be whether they hike them back up. The key will be what happens on NYMEX today [...]
0 comments Tuesday 08 Feb 2005 | Ed Aboufadel | Predictions
Despite some hopes and predictions, we’re back to oil being close to $50 a barrel, which had driven up gasoline prices so far in 2005. This morning, the 20-cent margin price on gasoline is $2.05, while the cheapest gas in town is $1.94 down on 44th street. Once that difference is 10 cents [...]
0 comments Tuesday 01 Feb 2005 | Ed Aboufadel | Predictions
