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4 comments Wednesday 15 Oct 2008 | Posted By Ed Aboufadel | Commentary

Comment on last Thursday’s prediction:  $2.98 was spotted in Standale on Monday, so the prediction was CORRECT. Wednesday, October 15, 2008, 1:40PM:  What a month it has been, with crashes in the stock and commodities markets, including oil and gasoline.  At the wholesale level, oil has fallen from $145 a barrel in July to $75 [...]

1 comment Thursday 09 Oct 2008 | Posted By Ed Aboufadel | Predictions

Comment on the September 29 prediction:  “Wholesale prices should collapse this week.  Then, it is a matter of waiting for this collapse to work its way to retail prices, and we could see $2.99 a gallon in October.”  Retail prices are down to $3.18 this afternoon, and it is only October 9.  Score this one [...]

0 comments Tuesday 09 Sep 2008 | Posted By Patrick |

This page is filled with great information on the math behind gasoline prices, the stats of hikes, days they are most likely to occur, and the data behind why prices rise and fall. This information is about as raw as it gets, meaning it is hard to understand for some who haven’t looked at it [...]

3 comments Tuesday 09 Sep 2008 | Posted By Ed Aboufadel | Commentary

Comment on the August 25 prediction:  Prices did drop into the $3.70′s from $3.89, but not significantly due to the hurricanes.  To be fair, I’ll label that prediction WRONG. September 9, 2008, 7:15 AM:  With the fall semester up-and-running at GVSU, I am planning on posting each Tuesday morning this semester.  Using NYMEX alone, the [...]

1 comment Wednesday 20 Aug 2008 | Posted By Ed Aboufadel | Commentary

Wednesday, August 20, 2008, 4:30 PM:  AXXIS prices have gone down 12 cents since the last price hike, but NYMEX prices have gone up. I suspect that, all-in-all, wholesale prices are down a bit (particularly given my silly August formula from my last posting), but at the same time there are a lot $3.78′s around, [...]

7 comments Tuesday 12 Aug 2008 | Posted By Ed Aboufadel | Commentary

Tuesday, August 12, 2008, 3:45 PM:  Didn’t get to check in last week as I was traveling and unable to connect to the Internet.  Imagine my surprise, though, upon returning to GR to see that prices haven’t moved much.  I got a media call at the end of July asking about this, and at the [...]