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0 comments Wednesday 05 Mar 2008 | Posted By Ed Aboufadel | Predictions

Wednesday, March 5, 2008, 1:30 PM:  AXXIS prices continue to run 18 cents below NYMEX prices, and Patrick recently quoted someone at OPIS who said that the upper Great Lakes is one of the weakest markets right now for gasoline.  The high NYMEX prices seem to be affecting the two coasts a lot more.  In [...]

0 comments Saturday 23 Feb 2008 | Posted By Ed Aboufadel | Commentary

Comment on February 19 prediction:  So, the day after a price hike, NYMEX prices jump 10 cents, so you’d think we’d get another hike.  No, that would be WRONG. Saturday, February 23, 2008, 6:45PM:  Estimate of wholesale price using NYMEX:  $2.60.  Estimate using AXXIS:  $2.45.  That’s quite a difference!  The past several weeks, $2.40 on [...]

0 comments Tuesday 19 Feb 2008 | Posted By Ed Aboufadel | Predictions

Comment on February 9 prediction: We did get the hike to $3.09 as predicted. CORRECT. There was another price hike to $3.19 on February 18. Tuesday, February 19, 2008, 8:45 PM: I am probably the last to the party to make this prediction, but let me agree that there will be another price hike soon. [...]

0 comments Saturday 12 Jan 2008 | Posted By Ed Aboufadel | Commentary

Saturday, January 12, 2008, 3:00PM: I’ve been out-of-town much of the week, to rainy, cold Southern California. So much for a winter respite. I heard it was warmer here than in San Diego. Meanwhile, it has been pretty cold in the stock market, which has also affected energy prices. Oil is down from $100 to [...]

0 comments Wednesday 19 Dec 2007 | Posted By Ed Aboufadel | Predictions

Comment on Friday’s prediction: Prices have fallen the past several days, below $3 in many places, so a CORRECT prediction. Wednesday, December 19, 2007, 3:30 PM: Of note is that the NYMEX and AXXIS prices have been pretty much the same for a month now, which demonstrates that there is no Chicago premium on prices [...]

0 comments Thursday 18 Oct 2007 | Posted By Ed Aboufadel | Commentary

Thursday, October 18, 3:30 PM:  Although the $89+ oil prices are in the news, wholesale gas prices are not as perky. From September 20 until today, NYMEX prices are the same, AXXIS prices are 9 cents lower, while retail gas prices are in a $2.69-$2.99 range.  $2.99 seems a bit high given that we had [...]