Wednesday, September 27, 9:45 AM: I was tempted to post a price-hike prediction on Sunday night, and during the day on Monday, but the severe (and welcome) drop in prices the past two months, combined with some strange behavior of the RB futures contract, have given me pause. However, the hike to $2.25 yesterday pretty [...]
0 comments Wednesday 27 Sep 2006 | Ed Aboufadel | Commentary
On Monday morning, a price hike this week made sense to me, based on the NYMEX prices, and I posted a price hike prediction. By Wednesday morning, though, NYMEX prices had dropped, making a price hike less likely. Speedway decided to hike to $2.29 on Wednesday, but the wholesale price didn’t back them up, so [...]
0 comments Thursday 21 Sep 2006 | Ed Aboufadel | Commentary
So Speedway finally decided to hike today, the day after a 10-cent drop on the wholesale market. It would appear their hike isn’t sticking, with their own stations falling back to previous prices. IE- the Speedway at Michigan and Fuller is back down to 2.15 as of 2:30pm from 2.29 at 12:30pm.
Any 2.29 prices [...]
0 comments Wednesday 20 Sep 2006 | Patrick | Commentary
Comment on Monday’s Prediction: No price hike on Monday or Tuesday, and wholesale prices lower today. WRONG.
Wednesday, September 20, 2006, 8:30 AM: Wholesale prices down another 7 cents on Tuesday, making my Monday prediction of a price hike this week less likely. You know, we will be talking about August-September 2006 for years, “Remember when [...]
0 comments Wednesday 20 Sep 2006 | Ed Aboufadel | Commentary
Quick gas price update.
We saw a huge drop on the wholesale market today (9 cents) to 1.50 wholesale. I’ll be looking for low $2’s soon. If we see a few more cent price drops on the market… guess what… $1.XX MAY indeed happen.
So, there shouldn’t be a hike any time soon… keep on truckin!
Just FYI [...]
0 comments Tuesday 19 Sep 2006 | Patrick | Status Update
Gas prices at Speedway stations in Ohio has climbed. Yesterday in my e-mail price hike warning I told users that prices were $1.96 at several stations in Central Ohio. Those stations have raised prices, and now the cheapest Speedway gas in Ohio is 2.05.
A few stations in Grand Rapids have tried raising prices, but no [...]
0 comments Monday 18 Sep 2006 | Patrick | Commentary
