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0 comments Thursday 17 Mar 2005 | Posted By Patrick | Predictions

Gas prices headed up to an estimated $2.259
Tomorrow, March 17, 2005.
Current market prices are $1.565 for gasoline on the NYMEX.
New records being set left and right. This rise is due to the sudden
and unexpected large decrease in gasoline stockpiles as summer nears.
Fill up!

0 comments Wednesday 16 Mar 2005 | Posted By Ed Aboufadel | Predictions

Uh, oh! Oil and gas futures up to new all-time highs as lunchtime approaches. Forget what I wrote yesterday about no price hike. Now I think there will be one, on Thursday if not today. Worst case scenario: $2.29. Prices rose on Thursday to $2.25, which was close [...]

0 comments Tuesday 15 Mar 2005 | Posted By Ed Aboufadel | Predictions

For those of you playing at home, you may have noticed that the price hikes have not been as large as the 20-cent margin prices suggests. It appears that we have a Chicago-region discount to the New York prices, and this happened last March, too. The discount disappeared by the end of March, [...]

0 comments Tuesday 08 Mar 2005 | Posted By Ed Aboufadel | Predictions

Wholesale oil and gas prices are up again! I recommend you get gas below $2 a gallon if you can (right now in Rockford or Jenison), because by the end of the week, I predict a new price of at least $2.19. Pretty much CORRECT, as prices rose on Thursday to [...]

0 comments Wednesday 02 Mar 2005 | Posted By Ed Aboufadel | Predictions

Uh, oh! Future prices up 8 cents this afternoon! Price hike is coming tomorrow, that’s for sure, and it could be a big one! Up we went on Thursday, to $2.15, leading to a front-page aritcle in the Grand Rapids Press. CORRECT!!

0 comments Tuesday 01 Mar 2005 | Posted By Ed Aboufadel | Predictions

There are a lot of weird things going on right now, so I have no clue what is going to be happening this week. Here’s what’s odd: First, I average the current and next month NYMEX futures numbers to estimate the wholesale price. At yesterday’s close, the March future was $1.25 and [...]