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2 comments Wednesday 14 Jan 2009 | Posted By Ed Aboufadel | Predictions

January 14, 2009, 3:30PM:  AXXIS is up today, and oil is up this afternoon.  Using the AXXIS price to estimate the wholesale price, a hike back to $1.99 tomorrow looks like it is in the cards.  Fill up tonight or early tomorrow!

2 comments Saturday 10 Jan 2009 | Posted By Ed Aboufadel | Commentary

January 10, 2009, 12:00 PM:  I was in Washington, DC much of the week, but no one wanted to talk to me about gas prices.  Actually, I was there for the annual mathematics meeting.  Yes, we actually have annual meetings.  Prices over $2 were standard in the DC area, and I watched the hike to [...]

0 comments Tuesday 23 Dec 2008 | Posted By Ed Aboufadel | Commentary

Tuesday, December 23, 2008, 1:45 PM:  Let’s review what has happened since the double-hike of December 11.  First, in Standale, Meijer didn’t match the second hike to $1.75, so prices were back to $1.59 the next day.  (Hooray for competition!)  Since then, they have not changed very much and were $1.55 or so this morning.  [...]

5 comments Thursday 06 Nov 2008 | Posted By Ed Aboufadel | Predictions

Comment on the October 28 prediction:  Still no price hike, so the prediction was CORRECT. Thursday, November 6, 2008, 12:30 PM:  From October 28 to November 3, the stock market rallied, but NYMEX energy prices didn’t.  Curious.  Then, on Election Day, NYMEX oil and gas took big jumps, and we seemed to have been set [...]

1 comment Tuesday 28 Oct 2008 | Posted By Ed Aboufadel | Predictions

Comment on last Tuesday’s prediction:  There was no price hike last week, so the prediction was quite WRONG. Tuesday, October 28, 2008, 9:00 AM.  So, did I jinx it?  I wrote last Tuesday, "It looks to me like the chaos on Wall Street is dissipating, so energy prices are starting to stabilize."  That was true [...]

5 comments Tuesday 21 Oct 2008 | Posted By Ed Aboufadel | Commentary, Predictions

Tuesday, October 21, 2008, 9:20 AM:  The following question has been posed to me several times the past month:  On July 15, oil was at $145 a barrel, and gasoline cost $4.25 a gallon at the pump in Grand Rapids.  Last week, oil was $72 a barrel, and gasoline cost $2.96 a gallon.  If the [...]