Month: November 2009

Price Hike Time

Comment on the November 1 prediction: Our last price hike was October 27, and prices have been falling slowly but surely since, with $2.39 in Lowell. The prediction was CORRECT.

Monday, November 16, 2009, 2:45pm: With Citgo and Rich out of business in Standale, that area of town has become the high-price leader. It has made it harder for me to monitor the situation. Today, for instance, with NYMEX prices higher, the 20-cent margin price is in the $2.70 to $2.75 range, and prices are $2.59 in Standale. Monitoring prices elsewhere in time either requires more driving by me or regular trip to GasBuddy, so I’m not as in tune with things as I have been in the past. If prices were below $2.50 in Standale, like they are elsewhere in town, I’d be predicting a price hike without a sweat. Instead, I have to take some more readings, and I will conclude that a price hike is on its way, maybe tomorrow already. $2.65? — Ed Aboufadel

Cedar Springs will lead the way to $2.59

Sunday, November 1, 2009, 6:00 PM: Well, that was a strange price adjustment on Tuesday, as Meijer took the lead and raised prices to $2.79. The hike was embraced in certain parts of town, but not others. Meanwhile, wholesale prices dropped 10 cents last week, I predict that prices will fall all week. The $2.59 in Cedar Springs is a target for the rest of the region. — Ed Aboufadel

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