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0 comments Wednesday 07 Sep 2005 | Posted By Ed Aboufadel | Predictions

There’s a real disconnect right now between gasoline futures prices on NYMEX and retail prices around the country, and retail prices could easily be 25 cents lower right now. That means either there still are supply bottlenecks leading to higher wholesale prices than are being captured in the futures market, or the retailers aren’t in [...]

0 comments Tuesday 26 Jul 2005 | Posted By Ed Aboufadel | Predictions

Last Thursday afternoon, I headed north, and came back on Saturday. In Cadillac, prices everywhere were $2.39, so it looked like the price hike happened. But in Reed City, you could get gas on Saturday for $2.10, and in Grand Rapids, it was as low as $1.97 on Monday morning. At $1.97, retailers were losing [...]

0 comments Sunday 19 Jun 2005 | Posted By Ed Aboufadel | Predictions

Good competition on the east side of town has been keeping prices lower there, but fasten your seat belts for a big price hike this week. Wholesale gasoline prices have risen 8 cents since Wednesday, and the retailers will take that into account when they set a new price. I am figuring around $2.34 a [...]

0 comments Tuesday 19 Apr 2005 | Posted By Ed Aboufadel | Predictions

Finally on Monday we began to see prices more in line with what the future prices are telling us. Of course, the problem with that is that we are now set up for a price hike on Wednesday or Thursday. I calculate a new price in the $2.19-$2.24 range. According to someone I know at [...]

0 comments Tuesday 12 Apr 2005 | Posted By Ed Aboufadel | Predictions

The lowest price in town is $2.21, while the 0-cent-margin price this morning is around $2.08. That means no price hike this week! Did you know, though, that last week, for the first time ever, the price of gasoline in the United States was above $2 a gallon in every state in the Union? (Prices [...]

0 comments Tuesday 22 Feb 2005 | Posted By Ed Aboufadel | Predictions

Readers of my postings know I have argued strongly against the idea that large gasoline retailers use low prices to drive out competition. My primary example has been Speedway, a large gasoline retailer, who typical takes the lead on price hike days. So, the report in this weekend’s GR Press about the gas price war [...]