Wholesale prices rose on Tuesday, Thursday, and Friday of last week. The Tuesday rise contributed to the new price last Thursday of $2.29 rather than $2.24. Thursday and Friday’s rise didn’t seem so drastic that we would get another price hike today, but we have, to $2.35. Of course, wholesale prices are [...]
0 comments Tuesday 26 Apr 2005 | Ed Aboufadel | Predictions
Hello and good Wednesday everyone! I believe that a price rise is due
for the Grand Rapids area for tomorrow- Thursday, April 21. Crude oil
inventories went down unexpectedly and the “morons” at Goldman Sachs
released *another* report about how crude will get more expensive,
trying to increase their profits since gas prices went up after the
news. I can’t [...]
0 comments Wednesday 20 Apr 2005 | Patrick | Predictions
Finally on Monday we began to see prices more in line with what the future prices are telling us. Of course, the problem with that is that we are now set up for a price hike on Wednesday or Thursday. I calculate a new price in the $2.19-$2.24 range. According to someone [...]
0 comments Tuesday 19 Apr 2005 | Ed Aboufadel | Predictions
Well, we’re starting to see the economies in growing countries start
to slow down, (specifically China) and for the first time in months,
the IEA has LOWERED its forecast of crude oil consumption by 50,000
barrels a day. While that might not seem like much (since the world
uses 84 million barrels a day) its all psychological. Its causing
significant [...]
0 comments Wednesday 13 Apr 2005 | Patrick | Predictions
The lowest price in town is $2.21, while the 0-cent-margin price this morning is around $2.08. That means no price hike this week! Did you know, though, that last week, for the first time ever, the price of gasoline in the United States was above $2 a gallon in every state in the [...]
0 comments Tuesday 12 Apr 2005 | Ed Aboufadel | Predictions
Hello and good Friday to everyone! Get out and enjoy the weather
As for gas prices, we’ve seen a DRAMATIC drop in wholesale prices,
which over the next few days, will mean cheaper prices at the pump.
Interestingly enough, Speedway stations in Fort Wayne, Indiana, went
from 2.39 Monday to 2.08 Wednesday! Amazing. Those stations are making
NO [...]
0 comments Friday 08 Apr 2005 | Patrick | Predictions
