2 comments Wednesday, 02-25-09 | Posted By Ed Aboufadel | Predictions
Comment on the Feb. 17 prediction: There was no price hike last week, so the prediction was CORRECT.
Wednesday, February 25, 7:50PM: I just updated my spreadsheets, and I agree with Patrick that we’ll get a price hike tomorrow, because NYMEX shot up today, and tomorrow is Thursday. I don’t think we’ll go over $2, though.
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I really appreciate the site! How are you guys so accurate!? I’m interested in learning how to predict price hikes if you could help me out? Thanks!
watch NYMEX (Free) and opis for Chicago prices (expensive subscription) for market conditions – add roughly 58 cents for tax to posted prices to get approx. break even, then add 10 to 25 cents for margin – Read, read, read news information tied to crude/gas/diesel. it may take a bit of practice, but not that hard. If you see retail selling below cost, then you can bet there will be a price hike coming.