Archive for April, 2006

All time highs, new “RB” contract

0 comments Monday 10 Apr 2006 | Posted By Ed Aboufadel | Predictions

Oil prices are flirting with all-time highs due to tensions about Iran and Nigeria, and wholesale gas prices are creeping up to follow. Fellow gas buddy Patrick DeHaan has pointed out to me to start watching the NYMEX “RB” futures, too, as they track the wholesale price of “Gasoline Blendstock”, which is what we [...]

Prices slightly lower

0 comments Tuesday 04 Apr 2006 | Posted By Ed Aboufadel | Predictions

NYMEX prices have gone down the last few days, and the end of the March contract seemed to have helped, too. This morning, we are looking at wholesale prices of about $1.87. That corresponds to a 20-cent margin price (with no Midwestern premium tacked on) of $2.61. With the recent fudge factor [...]

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