The Gas Game Welcome Guest | Login or Register

0 comments Wednesday 20 Sep 2006 | Posted By Ed Aboufadel | Commentary

Comment on Monday’s Prediction:  No price hike on Monday or Tuesday, and wholesale prices lower today.  WRONG. Wednesday, September 20, 2006, 8:30 AM:  Wholesale prices down another 7 cents on Tuesday, making my Monday prediction of a price hike this week less likely.  You know, we will be talking about August-September 2006 for years, “Remember [...]

0 comments Tuesday 23 May 2006 | Posted By Ed Aboufadel | Predictions

Tuesday, May 23, 2006, 2:15 PM: Last week, stock and commodity markets fell, including the prices of gasoline futures contracts. So far this week, these markets are stabilizing, and today they are rising … together. In fact, gas futures are up 7 cents today from yesterday. With prices dipping below $2.70 around town, they are [...]

0 comments Tuesday 16 May 2006 | Posted By Ed Aboufadel | Predictions

Yesterday, I signed up for Speedway’s “Speedy Rewards”. Am I moving to the dark side, or am I just a sucker for those frozen Pepsi’s? Maybe I’m just feeling good that they kept the price (barely) under $3, despite a strong run-up in wholesale prices last week. That run-up has turned around, as we have [...]

0 comments Wednesday 26 Apr 2006 | Posted By Ed Aboufadel | Predictions

I inquired this week about the actual wholesale price, to re-calibrate my spreadsheet if necessary. For those of you playing the Gas Game at home, the real 0-cent margin price on Monday was about $2.83. This is very close to my daily calculation, if you *average* the “HU” and “RB” contracts. In another month or [...]

0 comments Wednesday 31 Aug 2005 | Posted By Ed Aboufadel | Predictions

If the choice was paying $3 a gallon for gas or being a resident of New Orleans or Biloxi, I would choose the former.Now, what’s next for gas prices? The September gasoline futures contract, which expires today, went out of control yesterday, rising from $2.06 to $2.47 a gallon. I’m having a hard time believing [...]

0 comments Wednesday 13 Apr 2005 | Posted By Patrick | Predictions

Well, we’re starting to see the economies in growing countries start to slow down, (specifically China) and for the first time in months, the IEA has LOWERED its forecast of crude oil consumption by 50,000 barrels a day. While that might not seem like much (since the world uses 84 million barrels a day) its [...]