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0 comments Tuesday 18 Aug 2009 | Posted By Ed Aboufadel | Predictions

Comment on the August 3 prediction: Prices rose to $2.69 the next day, slightly below the $2.72-$2.82 range I predicted. But, I’ll call it CORRECT regardless. Tuesday, August 18, 2009, 4:20PM: I spent last week near Cheboygan. Prices were frozen at $2.69 up there all week, while the games continued in Grand Rapids. Let’s see [...]

0 comments Monday 27 Jul 2009 | Posted By Bill Eby | Predictions

I hate times like this. I am 50-50 on whether we get a spike tomorrow. I’m torn between near break even margins (at least if you are looking at the fact that Indiana wholesale adjusted should be lower than the spot price by about 5-10 cents still) and the fact that we had two spikes [...]

4 comments Wednesday 22 Jul 2009 | Posted By Bill Eby | Predictions

The numbers suggest (with Indiana at -3 cents margin and Michigan holding on at 1.8 cents margin) a spike is possible tomorrow. History shows, however, that two spikes in a week are really rare. With margins this close to break even, that makes the likelihood that a spike will happen to be very low. If [...]

0 comments Monday 13 Jul 2009 | Posted By Bill Eby | Predictions

It looks like speculators are getting the boot when it comes to gas and oil. As of this morning they continue to fall as more bearish fundamentals are being used to control the market. What this means for you is even lower prices in gasoline. Currently the average price of gas is beginning to catch [...]

5 comments Monday 06 Jul 2009 | Posted By Ed Aboufadel | Predictions

Comment on my June 30 posting: Prices reset to $2.69 on July 1, except for places where it had never fallen below $2.69. Monday, July 6, 2009, 6:30PM: Wholesale prices have dropped significantly in the past week. With today’s close, I have the 0-cent margin price at a pretty $2.25. So, unless there is a [...]

1 comment Tuesday 30 Jun 2009 | Posted By Ed Aboufadel | Commentary

Comment on my June 23 posting: Prices have continued to fall for a week, so the prediction was CORRECT. Tuesday, June 30, 2009, 9:30PM: I just want to share what I am looking at right now. The moderate jump in wholesale prices this week has given us a 0-cent margin price of about $2.45 and [...]