Archive for October, 2006

Prediction: No Halloween Hike

Comment on last week’s prediction: Prices rose to $2.29 on Wednesday, so the prediction was basically CORRECT.
Tuesday, October 31, 9:00 AM: Although by last Wednesday, we were looking at wholesale prices of about $1.60, the numbers on NYMEX plunged on Monday, so that the wholesale price is about $1.46, making the 0-cent margin [...]

0 comments Tuesday 31 Oct 2006 | Ed Aboufadel | Predictions

$2.25, one more time!

Comment on last week’s prediction: Prices rose to $2.19 on Tuesday, and then $2.25 on Thursday. Eerily CORRECT.
Tuesday, October 24, 12:10 PM: Although wholesale prices started slipping on Friday and Monday, they are back to $1.50+ today, so once again we’ll see retail prices by Thursday afternoon head back to the neighborhood [...]

0 comments Tuesday 24 Oct 2006 | Ed Aboufadel | Predictions

Predicting a third consecutive price hike to $2.25 or so

Comment on last week’s prediction:   And two hours after my posting, the price hike to $2.25 started.  CORRECT, but was it useful?
Monday, October 16, 5:15 PM:  Again, wholesale prices head back to $1.50, so again we’ll see retail prices by Thursday afternoon head back to the neighborhood of $2.25.  Be vigilant to fill up under [...]

0 comments Monday 16 Oct 2006 | Ed Aboufadel | Predictions

Back to $2.25 again soon

Comment on last week’s prediction: On Thursday, prices rose almost everywhere in town to $2.25. Very CORRECT!
Tuesday, October 10, 9:30 AM: The situation is the same with the NYMEX numbers, so I am predicting that prices re-set to $2.25 again by the end of the day on Thursday. Meanwhile, I came [...]

0 comments Tuesday 10 Oct 2006 | Ed Aboufadel | Predictions

Great DOE report, but will Iran and other news let us get to 1.99?

Another good DOE report. Crude gained, gasoline gained, and distillates gained.
Venezula and Nigeria cut their own oil output as a result of “low prices” (rediculous), but that news actually helped push oil prices lower because it was such a small cut (170,000 barrels together). I’m willing to bet while those countries cut their production, Saudi [...]

0 comments Wednesday 04 Oct 2006 | Patrick | Commentary

Expect to go back up to $2.25 or so

Comment on last week’s commentary:  There was a second attempt to re-set to $2.25 on Thursday.  It worked in most places.
Tuesday, October 3, 9:30 AM:  NYMEX “HU” prices have been holding stable at about $1.50 for two weeks now, creating a $2.05-$2.25 predicted range for gas prices.  With prices below $2.10 in several places, expect [...]

0 comments Tuesday 03 Oct 2006 | Ed Aboufadel | Predictions