Back to $2.59 on Tuesday?
2 comments Monday, 09-07-09 | Posted By Ed Aboufadel | Predictions
Comment on the August 18 prediction: Prices rose on August 20 to $2.59, so the prediction was CORRECT.
Monday, September 7, 2009, 6:00 PM: The past two weeks have been very busy for me, but gas prices have been tame, except for the unusual price adjustment a week ago, where Speedway and others raised prices a few cents, but there was no state-wide reset of prices. That is going to come this week, particularly with gas down to $2.26 this weekend in Lowell. I predict a price hike, perhaps as soon Tuesday, to somewhere in the range of $2.49-$2.59. I know many stations are $2.49 today, so maybe they don’t see a hike, but it is hard to be more precise right now. Looks like I am in agreement with Bill. — Ed Aboufadel
I really appreciate your predictions and insights on gas prices. However, I was wondering if you had any predictions or insights on the outlook of oil prices, both in the near future and far future. Thanks again– Wes
The underlying force seems to be the strength/weakness of the US dollar.
http://finance.yahoo.com/news/Dollar-hits-low-for-year-as-apf-3658622448.html?x=0&.v=1
http://www.theinternationalforecaster.com/