Comment on the July 19 prediction: Prices rose twice last week, to $2.45 on 7/21 and then to $2.55 on 7/23. Take the average, and you pretty much have my CORRECT prediction.
Thursday, July 30, 2009, 4:00PM: Uh oh. NYMEX gas prices are up 13 cents a gallon today! Using my formula, a price re-set would be in the range of $2.59-$2.64. I expect this will be the new price on Friday. — Ed Aboufadel