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0 comments Tuesday 25 Oct 2005 | Posted By Ed Aboufadel | Predictions

1:30 PM: I predict a price hike on Wednesday or Thursday. We’ve seen prices fall dramatically this month, with the last hike being to $2.94 on September 30. Today, you can get a gallon in town for $2.37. This drop in retail prices has followed the drop in NYMEX prices, but retail prices have remained [...]

0 comments Friday 14 Oct 2005 | Posted By Ed Aboufadel | Predictions

2:00 PM: NYMEX futures prices have fallen another 14 cents this week. Right now, that puts the 0-cent margin price at $2.19 and the 20-cent margin price at $2.41. However, we know that prices have been staying above the 20-cent margin price the past few weeks due to the “fudge factor” difference between New York [...]

0 comments Monday 26 Sep 2005 | Posted By Ed Aboufadel | Predictions

Wrong predictions like last Monday’s require you to go back and look at your calculations. The problem the past several weeks has been the “fudge factor” that takes into account the difference between the NYMEX futures prices and the wholesale prices in western Michigan. When Katrina struck, the FF was at least +20 cents, which [...]

0 comments Monday 12 Sep 2005 | Posted By Ed Aboufadel | Predictions

More good drops in gasoline prices on NYMEX should translate into lower prices over the next several days. Using this afternoon’s futures quote (approx. $1.85), and plugging into my formula (with a “fudge factor” of 0 cents), gives a 0-cent margin price of $2.37, and a 20-cent margin price of $2.59. So, c’mon retailers, let’s [...]

0 comments Monday 05 Sep 2005 | Posted By Ed Aboufadel | Predictions

It is Labor Day, and I am full of random thoughts. (1) Looks like Gov. Granholm was playing her own “gas game” with Marathon/Speedway, according to Saturday’s GR Press, as she commended “the state’s largest supplier of gasoline” for dropping prices to $2.99 a gallon on Friday. (2) They probably dropped the price because wholesale [...]

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 [...]