Oil and gasoline futures prices did not go down last week, and this morning for oil, we’re over $60 a barrel. Unless something dramatic happens quickly in the futures markets, we’re looking at another price hike this week, maybe to $2.39. Up they went on Tuesday to $2.35 — essentially CORRECT!
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0 comments Monday 27 Jun 2005 | Ed Aboufadel | Predictions
I just got a call from “Deep Throttle”, a friend in the industry. He says that Meijer isn’t matching Speedway’s price hike (to $2.35) and he expects Speedway to back down soon. Deep Throttle was misinformed, as everyone matched the price hike except for Costco and Sam’s Club on 28th Street.
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0 comments Monday 20 Jun 2005 | Ed Aboufadel | Predictions
Good competition on the east side of town has been keeping prices lower there, but fasten your seat belts for a big price hike this week. Wholesale gasoline prices have risen 8 cents since Wednesday, and the retailers will take that into account when they set a new price. I am figuring around [...]
0 comments Sunday 19 Jun 2005 | Ed Aboufadel | Predictions
Wholesale oil prices are up 4% today, although wholesale gas prices are up just modestly today. They had their jump on Friday. With prices as low as $2.03 in town this afternoon, look for a price hike soon to about $2.31. Prices rose to $2.25 or so the next day, so [...]
0 comments Monday 13 Jun 2005 | Ed Aboufadel | Predictions
