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0 comments Friday 09 Mar 2007 | Posted By Ed Aboufadel | Predictions

Friday, March 9, 8:00 AM:  Just a quick note while on the road.  The hike to $2.59 could have been worse, based on wholesale prices earlier this week.  On GrandRapidsGasPrices.com, I posted a quick note Wednesday night predicting the hike yesterday, but I thought we would see $2.65.  Based on yesterday’s market action, the 20-cent [...]

0 comments Wednesday 07 Mar 2007 | Posted By Patrick | Predictions

Well, I sure was wrong about a price hike! However, as everyone has noticed, prices have not gone any lower than around 2.38. I’m surprised that they are still this low while wholesale prices remain high at around 1.87. Last year, when there was no “RBOB” (ethanol) contract, and the wholesale price was 1.71, we [...]

0 comments Sunday 04 Mar 2007 | Posted By Patrick | Predictions

Just a reminder to those who forgot/etc.
Tomorrow (Monday) should bring a price increase in gasoline prices
(since we didn’t see one Friday). I’m now expecting around 2.64-2.67,
as high as 2.69.
A helpful hint: MANY stations in the East Paris/Cascade Rd corridor are
selling at 2.38, AND I’ve been told that as of Saturday, Speedway at
those corners is [...]

0 comments Thursday 01 Mar 2007 | Posted By Ed Aboufadel | Commentary

Thursday, March 1, 2007, 3:30 PM:  Well, maybe that’s the last time I allow myself to be distracted for three weeks by my job.  On February 6, we were at $2.16 a gallon.  Today, it is $2.59.  What is going on?  To be sure, NYMEX and wholesale prices have been climbing.  On January 22, NYMEX [...]

0 comments Thursday 01 Mar 2007 | Posted By Patrick | Predictions

Where to start?
Not really sure. The DOE Report this week was again terrible. Stocksfell more than expected, and oil inventories didn’t rise as much asexpected. Refineries didn’t utilize their capacity well enough.Concerns over summer driving, additional Iran sanctions, etc. Its nota pretty picture.
Right now on the market, we’re up to 1.90+ for a gallon of [...]