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1 comment Tuesday 30 Jun 2009 | Posted By Ed Aboufadel | Commentary

Comment on my June 23 posting: Prices have continued to fall for a week, so the prediction was CORRECT.
Tuesday, June 30, 2009, 9:30PM: I just want to share what I am looking at right now. The moderate jump in wholesale prices this week has given us a 0-cent margin price of about [...]

1 comment Monday 29 Jun 2009 | Posted By Bill Eby | Predictions

If you haven’t already, do look at the previous post Ed put out about gouging in Michigan. These are good reads for those interested in the oil industry, too.
Now, on to business. With a spike up in everything oil/gas/diesel, we are very ripe for a spike tomorrow. I’m putting it at about [...]

0 comments Monday 29 Jun 2009 | Posted By Ed Aboufadel | Commentary

A couple of articles have come to my attention recently related to gas pricing.
#1: Some Lansing gas stations pay fines for gas gouging last September.
#2: Jim Hightower comments on the “Magic of the Marketplace” that led to the run up in energy prices the past few years.
#3: A recently-published story in Rolling [...]

0 comments Friday 26 Jun 2009 | Posted By Bill Eby | Predictions

With the Chicago spot falling 25 cents since the 17th, and average prices falling only 13 cents, there is still plenty of room for stations to keep dropping their price. Margins are right around 12 cents, as well. We should be seeing a mid-$2.50 average by the end of the weekend, and some [...]

0 comments Tuesday 23 Jun 2009 | Posted By Ed Aboufadel | Predictions

Comment on my June 11 posting: Prices made it to $2.69 last week, and then lower this week, so my prediction was CORRECT.
Tuesday, June 23, 2009, 4:30PM: The stock market/energy market correlation continues. Stocks topped out recently on June 12, a day after the price of a barrel of oil did, while [...]

1 comment Tuesday 23 Jun 2009 | Posted By Bill Eby | Predictions

With almost 24 cents between average selling price and a fair price based on the Chicago spot price, gas has nowhere to go but down right now. If you don’t have to fill up, hold off until prices do go down. Right now $2.50s aren’t out of the question, and are already being seen in [...]