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11 comments Tuesday 17 Jan 2012 | Posted By Ed Aboufadel | Commentary

Thanks to GasBuddy Patrick DeHaan, I now have in my possession two recent academic papers by economists that analyze gas price behavior in the Midwest and, with a strong dose of statistics, reach the type of conclusions that we’ve been writing about for a decade. Prof. Matthew S. Lewis of Ohio State University has written, [...]

10 comments Sunday 11 Dec 2011 | Posted By Ed Aboufadel | Commentary

Sunday, December 11, 2011, 3:30PM:  In my last post, I noted the following:  “It appears that Speedway is trying to improve their margins.  They have not been successful in the past trying to do this.”  That appears to be the case again.  First, for more than a decade, every attempt to push margins higher has [...]

4 comments Tuesday 06 Dec 2011 | Posted By Ed Aboufadel | Commentary

Comment on the November 21 prediction:  It was fun to predict $2.99, and we got down to $3.06, but I guess I was WRONG. Tuesday, December 6, 2011, 10:51AM:  I thought it was time this morning to figure out where we are at with potential gas prices, but I see that the Speedway web site [...]

20 comments Monday 21 Nov 2011 | Posted By Ed Aboufadel | Commentary

Comment on Wednesday’s prediction:  No price hike and lower prices — CORRECT! Monday, November 21, 2011, 8:15PM:  Energy futures took big drops this past Thursday, so it is a realistic possibility that you will be able to buy gas in the Grand Rapids area for $2.99 by next Monday.  Let’s have fun:  that’s a prediction! [...]

13 comments Friday 28 Oct 2011 | Posted By Ed Aboufadel | Commentary

Friday, October 28, 2011, 9:45AM: At the beginning of the week, I was contacted by a local media outlet for my analysis of Gov. Snyder’s proposed change to the gas tax. When I received the e-mail, I didn’t even know there was a proposal coming. Now, at the end of the week, the Governor has [...]

8 comments Thursday 08 Sep 2011 | Posted By Ed Aboufadel | Commentary

Comment on the August 31 prediction:  Prices rose that day to $3.85, as predicted.  CORRECT. Thursday, September 8, 2011, 12:20PM:  Future prices have been bouncing all over the place the past few weeks, and yesterday they bounced up, so today we get a price hike to $3.89.  Boo!  Hiss!  Something I saw on CNBC recently [...]