Archive for April, 2008

Ed- do we think too much alike?

Just seeing Ed’s post made me think back to the prediction earlier in the year about when gas will hit $4 a gallon. I said with haste that would occur on September 16, 2008, as we’ll be in the middle of Hurricane season. With any luck or miracles, maybe we won’t have as active of [...]

0 comments Wednesday 30 Apr 2008 | Patrick | Commentary

Crazy Prediction of the Year: $3.75 will stand as the record for a while

Comment on Monday’s posting:  The hike was to $3.75 on Tuesday, which is close enough to be called CORRECT.
Wednesday, April 30, 2008, 10:00 AM:  As readers know, my predictions are short-term, based on the recent wholesale price of gasoline as approximated by NYMEX and AXXIS prices that are posted on public web sites.  Today, I [...]

0 comments Wednesday 30 Apr 2008 | Ed Aboufadel | Predictions

I’ll see that raise, and re-raise you another dime

Comment on the April 20 prediction: Prices rose last Tuesday to $3.69, so the prediction was CORRECT.
Monday, April 28, 2008, 4:10 PM: Despite the record-high gas price, there is some evidence that the retailers are actually taking it easy on us, compared to what they are paying. Still, wholesale prices look like [...]

0 comments Monday 28 Apr 2008 | Ed Aboufadel | Predictions

Benchmark backs off to $3.69

My Indiana benchmark has dropped four cents since my last writing, down to $3.69. Is there some reason their wholesale costs are that much higher than Grand Rapids? The station in question in Indiana is definitely a high volume station, so their wholesale costs would be more appropriate to benchmark against compared to a smaller [...]

3 comments Wednesday 23 Apr 2008 | Patrick | Commentary

Standby! Is $3.89 likely soon? Benchmark jumps!

Surprisingly, my Indiana benchmark station jumped to $3.73 overnight while we took a hike to $3.69. Routinely we are 10-15 cents higher than they are, is $3.85-$3.89 going to happen anytime soon? Its hard to tell at this point, but keep in mind prices are NOT going to be headed south anytime soon!
Keep an eye [...]

3 comments Wednesday 23 Apr 2008 | Patrick | Predictions

One week later, $3.69 is here!

Well, I hope you all had your tanks full this morning, there was a 7-day advance notice of this latest hike! I’m actually surprised that it took so long, but there are several reasons they may have waited- including getting rid of remaining winter fuel, etc.
$3.69 is here and don’t look for it to fall [...]

1 comment Tuesday 22 Apr 2008 | Patrick | Commentary

Next Page »