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8 comments Tuesday 11 Oct 2011 | Posted By Ed Aboufadel | Predictions

Comment on the October 2 prediction: Prices rose to $3.39, as predicted. CORRECT. Tuesday, October 11, 2011, 6:15PM: The stock market stopped falling and started surging a week ago, so, of course, so have wholesale gas prices. We are set up for a spike to $3.49 on Wednesday or Thursday. Fill your tanks, my friends. [...]

24 comments Sunday 02 Oct 2011 | Posted By Ed Aboufadel | Predictions

Comment on the September 13 prediction: prices have drifted lower and lower the past three weeks, and we are in the $3.20′s in some places now. The prediction was CORRECT. Sunday, October 2, 2011, 10:00AM: It is the beginning of October, so let’s reflect on where we are at with gas prices. Our last price [...]

11 comments Tuesday 27 Sep 2011 | Posted By Bill Eby | Predictions

This is why it can be bad for lower prices due to an economic downturn. Once there is hope for recovery, prices rebound. A big rise in market prices (11.5¢ for the Chicago spot) and big drops at the pump mean we are due for a spike. Plan on prices going up tomorrow or Thursday.

12 comments Friday 23 Sep 2011 | Posted By Bill Eby | Predictions

Yesterday’s market drop will be a welcome relief for consumers at the gas pump. The Chicago spot fell more than 12¢ yesterday, and has fallen more than 50¢ from it’s high a few months ago. Instead of seeing $4 gas, we are now getting close to seeing prices below $3 at the pump. But is [...]

5 comments Tuesday 13 Sep 2011 | Posted By Ed Aboufadel | Predictions

Tuesday, September 13, 2011, 6:50PM:  Now that the summer driving season is over, wholesale prices have started to drop — 36 cents since the end of August, much of it the past few days.  I estimate the 0-cent margin price tonight at around $3.33 (that’s the floor for retail prices), and the cheapest gas in [...]

3 comments Wednesday 31 Aug 2011 | Posted By Ed Aboufadel | Predictions

Wednesday, August 31, 2011, 7:15AM:  I just updated my spreadsheets, and we’ve had noticeable jumps in oil and gasoline futures the past few days, while retail prices have been sinking slowly.  I estimate the 20-cent margin price to be $3.86, so expect a price re-set to $3.85 either today or Thursday. — Ed Aboufadel