Last Thursday afternoon, I headed north, and came back on Saturday. In Cadillac, prices everywhere were $2.39, so it looked like the price hike happened. But in Reed City, you could get gas on Saturday for $2.10, and in Grand Rapids, it was as low as $1.97 on Monday morning. At $1.97, [...]
0 comments Tuesday 26 Jul 2005 | Ed Aboufadel | Predictions
On the postive side, wholesale prices have been dropping since peaking on July 7. This has led to prices as low as $2.16 in town this morning. However, the 0-cent margin price is $2.14. So, unless wholesale prices continue to drop the next two days, expect a price hike on Wednesday or [...]
0 comments Tuesday 19 Jul 2005 | Ed Aboufadel | Predictions
Friday’s price hike to $2.49 was remarkable as it was the first Friday price hike I’ve seen, and it was the first time I remember two price hikes in one week. In economics, they would call this a black swan, rare but possible. Who to blame? Wholesale prices shot up last Wednesday [...]
0 comments Tuesday 12 Jul 2005 | Ed Aboufadel | Predictions
While yesterday’s price hike to $2.35 was going into effect, prices on the futures markets soared, with wholesale gasoline prices going up 10 cents yesterday! Remarkably, a consequence of this morning’s London bombings is that oil and gas futures prices have dropped some, according to CNBC. So, I think the chance of a [...]
0 comments Friday 08 Jul 2005 | Ed Aboufadel | Predictions
After a temporary fall, oil and gas futures went up again on Friday and over the holiday weekend. Meanwhile, retail prices have been dropping. This is how price hikes are made. Look for Speedway and friends to reset prices to $2.35 or so again this week, maybe even today. $2.35 [...]
0 comments Tuesday 05 Jul 2005 | Ed Aboufadel | Predictions
