3:00 PM: If you have been reading my predictions closely this month, you’ll notice I have been a week off. Oct. 9: prices will fall soon to $2.50. That didn’t happen until Oct. 21. Oct. 14: perhaps some dramatic drops. That didn’t kick in until after Oct. 20. [...]
0 comments Sunday 30 Oct 2005 | Ed Aboufadel | Predictions
1:30 PM: I predict a price hike on Wednesday or Thursday. We’ve seen prices fall dramatically this month, with the last hike being to $2.94 on September 30. Today, you can get a gallon in town for $2.37. This drop in retail prices has followed the drop in NYMEX prices, but [...]
0 comments Tuesday 25 Oct 2005 | Ed Aboufadel | Predictions
11:30 AM: Still lower prices on NYMEX means still lower prices at the pump. Unless Hurricane Wilma decides to go after Texas and Louisiana, you should see cheaper prices through the weekend. Could we get as low as $2.25? Prices continued to fall, below $2.40, so the prediction was [...]
0 comments Wednesday 19 Oct 2005 | Ed Aboufadel | Predictions
2:00 PM: NYMEX futures prices have fallen another 14 cents this week. Right now, that puts the 0-cent margin price at $2.19 and the 20-cent margin price at $2.41. However, we know that prices have been staying above the 20-cent margin price the past few weeks due to the “fudge factor” difference [...]
0 comments Friday 14 Oct 2005 | Ed Aboufadel | Predictions
NYMEX futures prices have fallen 44 cents a gallon since September 28, and while I understand this hasn’t been translating very quickly into cheaper wholesale prices, finally this weekend we are beginning to see this reflected at the pumps. $2.76 is the cheapest in town right now in Wyoming, although Meijer’s in Standale last [...]
0 comments Sunday 09 Oct 2005 | Ed Aboufadel | Predictions
NYMEX futures prices have drifted lower since Friday, but retail gas prices have been slow to follow. One of my “friends in the industry” writes me today to say that wholesale prices from the hub in Muskegon have been running 20 to 25 cents ahead of NYMEX futures, which would explain why prices have [...]
0 comments Wednesday 05 Oct 2005 | Ed Aboufadel | Predictions
