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1 comment Friday 26 Aug 2011 | Posted By Ed Aboufadel | Commentary

Comment on the August 18 posting:  Prices did fall into the $3.40′s in some places, before the hike on Wednesday the 24th. Friday, August 26, 2011, 12:40PM:  The price hike to $3.85 on Wednesday was a bit ridiculous (and unexpected), and the way to judge an overdone hike is to see what happens the next [...]

20 comments Thursday 18 Aug 2011 | Posted By Ed Aboufadel | Commentary

Comment on Monday’s posting:  A second WRONG in a row, as prices re-set on Wednesday to $3.69 in the Grand Rapids area. Thursday, August 18, 2011, 1:50PM:  Yesterday’s price hike was not related to wholesale spike, just someone at Headquarters wanting to get those margins back up again.  As I noted the other day, it [...]

13 comments Friday 24 Jun 2011 | Posted By Ed Aboufadel | Commentary, Predictions

Comment on the June 15 posting:  No reset to $3.79.  Reports of a reset to $3.69 yesterday that didn’t pan out.  I guess the retailers were thinking out loud, too. Friday, June 24, 10:10AM:  A couple of related items today: 1.  Wholesale oil and gas prices really took a hit yesterday, putting the 0-cent margin [...]

2 comments Wednesday 01 Jun 2011 | Posted By Ed Aboufadel | Announcements, Commentary

Wednesday, June 1, 2011, Noon:  Wow, what a hike to $4.19.  My crystal ball has been rather foggy the past two weeks, but my friends at GasBuddy.com sent out a timely warning last night, and Bill also had a posting yesterday.  Based on the way the market is acting so far today (lousy), maybe $4.19 [...]

4 comments Thursday 26 May 2011 | Posted By Ed Aboufadel | Commentary

Comment on the May 18 prediction:  Prices continued falling for a week, into the $3.70s, so that prediction was CORRECT. Thursday, May 26, 2011, 1:00PM:  Unfortunately, I didn’t have anything to say before the hike to $3.99 yesterday.  There is something going on with floods and refineries and the stock market that is causing wholesale [...]

7 comments Tuesday 03 May 2011 | Posted By Ed Aboufadel | Commentary

Comment on the April 24 prediction:  It was CORRECT, as prices rose the next day to $4.17.  Then we saw $4.19 last Thursday, and $4.29 this past Monday. Tuesday, May 3, 2011, 9:00PM:  I want $4.29 to be the high price for the year.  You do, too.  It would be curious if that turned out [...]