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0 comments Monday 14 Aug 2006 | Posted By Ed Aboufadel | Predictions

Comment on last week’s prediction: Prices are falling, but slowly, not significantly, so 1/2 CORRECT, 1/2 WRONG. Monday, August 14, 2006, 12:30 PM: Wholesale prices have fallen hard, including an 8-cent drop today. According to NYMEX (and CNBC), we have a wholesale price of $1.98, which corresponds to a retail price in the $2.50 to [...]

0 comments Wednesday 02 Aug 2006 | Posted By Ed Aboufadel | Predictions

The good news is that Citgo is open again on Lake Michigan Drive, and competition has returned to Standale, with prices as low as $2.92 this morning. The bad news is that while prices have fallen below $3 a gallon pretty much everywhere in the area, wholesale prices jumped six cents yesterday. That is a [...]

0 comments Monday 24 Jul 2006 | Posted By Ed Aboufadel | Predictions

Wholesale prices rose slowly at the end of last week, indicating a 20-cent margin price (with HU/RB averaging) of $3.12. Although prices were below $3 in most places on Monday morning, given how slowly I thought retail prices were dropping over the weekend, and the slight lowering of tensions in the Middle East, I thought [...]

0 comments Monday 01 May 2006 | Posted By Ed Aboufadel | Predictions

An interesting and long article on the front page of Sunday’s GR Press about gas prices. Some of it fits my experience, but I don’t agree with the calculation about stations losing money. I’ve been doing the Gas Game publicly for four years, and I have heard from many dealers, but no one has ever [...]

0 comments Friday 02 Dec 2005 | Posted By Ed Aboufadel | Predictions

12:00PM: When I updated my spreadsheet this morning, I didn’t like what I was seeing, as wholesale prices had gone up sharply the last two days. I was going to post something about prices not going down this weekend, but had to run to a 3-hour meeting. By the time I got back, Speedway was [...]

0 comments Monday 07 Nov 2005 | Posted By Ed Aboufadel | Predictions

1:45PM: I’ve been doing about as well as a coin flip since late August, when Hurricane Katrina blew through. So, I apologize for being WRONG half the time, although I’m losing the Gas Game, too. So, what’s going on here? Wholesale and retail prices have been dropping like a stone since the end of September. [...]