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0 comments Sunday 28 Aug 2005 | Posted By Patrick | Predictions

Due to the hurricane, gasoline prices are currently up twenty cents a gallon on the wholesale market, about ten cents above the last record.
The prices may calm down in the next few hours, but this hurricane is having a definite impact since it has regained strength and is projected to hit major oil communities with [...]

0 comments Wednesday 24 Aug 2005 | Posted By Patrick | Predictions

Grand Rapids Gas Price Warning Update for August 24, 2005:
Hello, everyone!
We’ve seen a nice slow fall to around 2.50 area, but I am sad to predict a rise/refresh tomorrow to probably $2.69 or so. I hope I’m wrong, but I’m not 100% sure either, however, at this time (2pm EDT) wholesale costs have risen due [...]

0 comments Wednesday 17 Aug 2005 | Posted By Ed Aboufadel | Predictions

This is what I am seeing right now: low price in town is $2.65 in Wyoming. Gasoline futures down hard today, almost 9 cents a gallon, corresponding to a new 0-cent margin price of $2.48 and a 20-cent margin price of $2.69. That would lead me to a prediction of lower prices [...]

0 comments Tuesday 16 Aug 2005 | Posted By Ed Aboufadel | Predictions

If you saw me on WZZM-13 last night, you heard that I said that yesterday’s price hike to $2.79 was unsustainable. Let me explain: I use an Internet site to estimate the wholesale price of gasoline. Then I add in taxes and a few other things, and finally I add in my [...]

0 comments Friday 12 Aug 2005 | Posted By Ed Aboufadel | Predictions

The past 48 hours shows you that we’ve got to be very careful about predictions until this current madness passes. On Wednesday, I timed my posting perfectly — as a big rally ensued in oil and gas futures as soon as I posted my prediction. Multiple refinery accidents the past few days, and [...]

0 comments Wednesday 10 Aug 2005 | Posted By Ed Aboufadel | Predictions

Wholesale prices right now are about where they were on Monday when they hit new records, which means that the retailers might consider a price hike to $2.59 tomorrow. Before this summer, I would have said not to worry until next week because prices are still above $2.50 in most places and we already [...]