Comment on Nov. 17th’s prediction: You were able to get $2.25 or lower (CORRECT), but prices rose to $2.34 on the day before Thanksgiving. And then they fell again below $2.30 by the weekend.
Monday, November 27, 4:30 PM: Wholesale prices at the close of trading today are about $1.60. That translates to a 0-cent margin [...]
0 comments Monday 27 Nov 2006 | Ed Aboufadel | Predictions
There seems to be a pretty decent gas price feud going on at the Speedway, Admiral, and Rich at 32/33rd & Division! Prices are currently $2.10 at Speedway and Admiral with the Rich selling at $2.11! This is definitely a loss of profit for these stations, and if you have time, go take advantage! These [...]
0 comments Sunday 26 Nov 2006 | Patrick | Commentary
Hi everyone! Just when I thought we shouldn’t see a gas price hike
before Thanksgiving, it looks like some news on the market may go
against that theory.
Today, I was reading the news that the largest refinery in the U.S.
(Baytown, TX) @ 575,000 barrels was running much lower output today due
to an unknown issue (I couldn’t immediately [...]
1 comment Tuesday 21 Nov 2006 | Patrick | Predictions
Comment on the November 3rd prediction: It was basically WRONG. Prices did not drop much over that weekend, and we got a price hike to $2.39 on November 7. Although prices then fell to as low as $2.12 in town by the weekend of the 11th, on November 16, prices rose [...]
0 comments Friday 17 Nov 2006 | Ed Aboufadel | Predictions
After logging in to GrandRapidsGasPrices.com this afternoon, I noticed
that local prices fell too fast… seems like that new Family Fare on
Leonard and Fuller really is fueling things (no pun intended). That
corner is the low price leader, with Sunday prices showing 2.12. They
are definitely flirting with losing money, or just breaking even.
Interestingly enough, many stations remain [...]
0 comments Sunday 12 Nov 2006 | Patrick | Predictions
Well, the DOE report was pretty rough, and gasoline and oil has been trading up on the news that the U.S. will turn sharply colder and that OPEC may again cut production when it meets in December. Wholesale gasoline is back up to 1.58.
The “Chicago Premium” we’ve been seeing should let local prices go down [...]
0 comments Thursday 09 Nov 2006 | Patrick | Status Update
