Comment on last Wednesday’s prediction: We hit $2.69 this afternoon in Standale, so the prediction was CORRECT.
Monday, November 22, 2010, 7:30PM: This is an easy one. Prices just went up in Indiana and Ohio (as reported in the comments on our site), and the margins at many local stations is down to zero. Fill up — price hike on the way! Just in time for the holiday weekend! — Ed Aboufadel
Comment on the October 26 prediction: Prices rose the next day — CORRECT.
Wednesday, November 17, 2010, 2:30PM: Where have the last three weeks gone? We saw a spike up to $2.99 on SATURDAY, November 6, and prices have slowly been dropping since then. With the stock and energy markets all correcting since then, wholesale prices have headed down. I calculate the 20-cent margin price today to be about $2.91, so we have room to go down to $2.69. Since prices in the area are in the $2.76 to $2.99, I’m predicting some nice price drops at least through the end of the day Sunday. — Ed Aboufadel
I don’t have much time to elaborate, but it looks like with a spike up in wholesale today, we may see a spike up tomorrow. Make sure you are filled up before tomorrow morning!