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6 comments Tuesday 28 Oct 2008 | Posted By Patrick | Predictions

Tonight as I step back and look at local prices, I see how high we are compared to several locales. We even sit higher on a regional level- Ohio is paying just $1.98 in areas!
 
Having set the stage, how would you feel knowing oil prices have slid if gasoline prices stayed at their record high [...]

1 comment Tuesday 28 Oct 2008 | Posted By Ed Aboufadel | Predictions

Comment on last Tuesday’s prediction:  There was no price hike last week, so the prediction was quite WRONG.

Tuesday, October 28, 2008, 9:00 AM.  So, did I jinx it?  I wrote last Tuesday, "It looks to me like the chaos on Wall Street is dissipating, so energy prices are starting to stabilize."  That was true until [...]

1 comment Sunday 26 Oct 2008 | Posted By Patrick | Predictions

 
A Speedway gas station in Fairfield, Ohio is reporting gas prices at $1.99 tonight! Is Grand Rapids headed there? There is a remote chance… today’s COST is roughly $2.28 to stations, so we still have a lot of room to fall, and I expect local prices here to decline.
However, I am worried that oil prices [...]

0 comments Friday 24 Oct 2008 | Posted By Patrick | Predictions

WRITTEN THIS MORNING (OCT 24, 7AM)
This morning OPEC convened and arrived at a decision to cut 1.5 million barrels of oil per day. Many of you are likely asking what we can now expect and what will happen. Let me try to shed some light for you.
It will be an interesting day on the market, [...]

4 comments Tuesday 21 Oct 2008 | Posted By Ed Aboufadel | Commentary, Predictions

Tuesday, October 21, 2008, 9:20 AM:  The following question has been posed to me several times the past month:  On July 15, oil was at $145 a barrel, and gasoline cost $4.25 a gallon at the pump in Grand Rapids.  Last week, oil was $72 a barrel, and gasoline cost $2.96 a gallon.  If the [...]

4 comments Wednesday 15 Oct 2008 | Posted By Ed Aboufadel | Commentary

Comment on last Thursday’s prediction:  $2.98 was spotted in Standale on Monday, so the prediction was CORRECT.
Wednesday, October 15, 2008, 1:40PM:  What a month it has been, with crashes in the stock and commodities markets, including oil and gasoline.  At the wholesale level, oil has fallen from $145 a barrel in July to $75 this [...]