In a blink of an eye, whatever discount there was between Chicago and New York is gone, and prices rose here on Friday and Monday, to a new price of $2.49. So, what is next? Crude oil is more than 10% this month, but NYMEX unleaded gasoline hasn’t gone up very much this [...]
0 comments Tuesday 31 Jan 2006 | Ed Aboufadel | Predictions
I am taking back my prediction from Monday afternoon and changing to “no prediction” for the week. Gasoline retailers subscribe to a daily market report that someone was willing to share with me on Tuesday, and the report indicates that Chicago-based wholesale prices are significantly lower than elsewhere in the country right now, due [...]
0 comments Wednesday 25 Jan 2006 | Ed Aboufadel | Predictions
I was suprised that last Wednesday’s price hike wasn’t worse, given past history. Also, seeing prices in Grand Rapids and Detroit (where I visited last weekend) in the mid $2.20’s makes me wonder why we are getting such a discount right now versus the New York Unleaded (NYMEX) prices. I’m not complaining, but [...]
0 comments Monday 23 Jan 2006 | Ed Aboufadel | Predictions
If the retailers want to sell gasoline to us below cost, then more power to them. But how will they resist a price hike today after wholesale prices soared 9 cents yesterday, putting the 20-cent margin price at $2.57? Yes, that’s a prediction. Prices did rise on Wednesday, but only to [...]
0 comments Wednesday 18 Jan 2006 | Ed Aboufadel | Predictions
I’ll be looking for prices to rise to around 2.45 either Monday or
Tuesday.
Get gas ASAP!
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0 comments Sunday 15 Jan 2006 | Patrick | Predictions
Wholesale prices continued going up late last week, so that this morning, the 20-cent margin price is $2.52. (It was $2.57 yesterday morning.) With most Speedways in Grand Rapids in the $2.30s, the most likely outcome is a price hike before the end of the week, to above $2.49. I was [...]
0 comments Tuesday 10 Jan 2006 | Ed Aboufadel | Predictions
