Oh, Speedway, my friend, my buddy, my pal, what are you up to? Yesterday’s breakout to $3.09 was the fourth price hike in a week, but this one seems suspect. Did you panic when you read yesterday morning’s report from the Department of Energy? NYMEX traders didn’t, and prices there ended the [...]
0 comments Thursday 29 Jun 2006 | Ed Aboufadel | Predictions
GrandRapidsGasBuddy Peg let me know this morning that gas has hiked to 3.09 at local Speedway stations. This rise is mostly unwarranted, because prices on the wholesale market haven’t gone up this much. 2.99 is warranted (sadly), but 3.09 is just too high. Hopefully we’ll see it go back to 2.99 here soon.
Let me remind [...]
0 comments Wednesday 28 Jun 2006 | Patrick | Predictions
Wholesale prices are up 17 cents in a week, which is why we are back to $3 a gallon, except in Allendale, where it is still $2.84, and in Indiana, where gas is $2.79. In fact, gasoline prices are noticeably higher in Michigan, Wisconsin, and Illinois, versus anywhere else from Montana to Georgia. [...]
0 comments Tuesday 27 Jun 2006 | Ed Aboufadel | Predictions
GrandRapidsGasPrice buddy Peg has just informed me that prices in Ada hit 2.94. I checked Greedway’s website to see the confirmation. Prices on the wholesale market were up yesterday, but I think a nickle hike to 2.89 would have been the better solution.
Get gas before everyone goes to 2.95!
Enjoy the weekend
Patrick
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0 comments Friday 23 Jun 2006 | Patrick | Predictions
We’ve had a couple up days in the futures market, so don’t expect prices to drop much over the weekend. Looking ahead into July, the past few years, there was a point in mid-July where prices started rising week-to-week through Labor Day. There’s no reason to think it will be different this year. [...]
0 comments Friday 23 Jun 2006 | Ed Aboufadel | Predictions
Good morning, and welcome to the first day of summer. It appears that wholesale prices have been pretty constant the past several days, and we are dipping down towards the 0-cent margin price, so a price hike should be in the works for today or tomorrow. Using the HU/RB average to estimate the [...]
0 comments Wednesday 21 Jun 2006 | Ed Aboufadel | Predictions
