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3 comments Wednesday 23 Sep 2009 | Posted By Ed Aboufadel | Predictions

Wednesday, September 23, 2009, 1:00PM: With today’s DOE report showing continued growth in the supply of gasoline, due to poor demand, NYMEX prices are already dropping, so we can expect retail prices to continue to drop. No price hike this week, and we are heading for the $2.30′s. — Ed Aboufadel

4 comments Thursday 04 Jun 2009 | Posted By Ed Aboufadel | Predictions

Just as we are digging ourselves out of recession caused in part by financial geniuses who bought and sold “default swaps” and other products they couldn’t afford to support, prices spiking to $3 could cause it all to grind to halt again, like it did last summer.

5 comments Tuesday 26 May 2009 | Posted By Ed Aboufadel | Commentary

Woe to us. Prices rose at random places on SATURDAY to $2.59, and today Speedway is making sure we understand with a system-wide re-set. The new price in Michigan is $2.69 a gallon.

4 comments Tuesday 05 May 2009 | Posted By Patrick | Predictions

Looking at morning numbers briefly this morning before an interview on WOOD AM1300, I think I might have to announce that I’m expecting a price hike soon to $2.19! A quick look at closing prices on the market from late last week and yesterday:Thursday close $1.42Friday close $1.47Monday close $1.54 As you can see, wholesale [...]

1 comment Thursday 26 Feb 2009 | Posted By Patrick | Predictions

That’s right, I expect another good jump in gas prices, as soon as tomorrow (Friday) in many Speedway States. Speedway did not raise as high as anticipated resulting in a higher risk of a price hike sooner, and the wholesale market was up a large amount today. Wholesale spot prices from Chicago rose 13-cents today [...]

2 comments Friday 30 Jan 2009 | Posted By Patrick | Predictions

With the threat of a large strike being carried out by the United Steel Workers union and a large stimulus bill making its way through Congress, gas prices are going nowhere but up from the current national average of $1.85 per gallon. Prices have advanced lately because of a growing number of traders who see [...]