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0 comments Tuesday 01 Mar 2005 | Posted By Ed Aboufadel | Predictions

There are a lot of weird things going on right now, so I have no clue what is going to be happening this week. Here’s what’s odd: First, I average the current and next month NYMEX futures numbers to estimate the wholesale price. At yesterday’s close, the March future was $1.25 and the April was [...]

0 comments Wednesday 20 Oct 2004 | Posted By Ed Aboufadel | Predictions

Ahead of the weekly report on gasoline stocks, I am rescinding my Monday prediction and just having no prediction right now. There was a decent drop in wholesale prices on Monday, putting the 20-cent margin price at about $2.07. Many places are at that price right now, but some are at $1.95, so I just [...]

0 comments Wednesday 21 Jul 2004 | Posted By Ed Aboufadel | Predictions

Although futures prices have fallen a bit this week, if there weren’t a number of places in town in the low $1.80′s, I would say no price hike for the rest of the week. The way things are, there could be a price hike, and some places wouldn’t even change their prices. So, no prediction. [...]

0 comments Monday 19 Jan 2004 | Posted By Ed Aboufadel | Predictions

Thanks to the vigilant eyes of grandrapidsgasprices.com, there is enough evidence to conclude that Speedway and Marathon (same company) are usually the ones that raise prices first, so we now stipulate that Mr. Big works for them, and probably has an office here in Grand Rapids. As to gas prices this week, wholesale prices are [...]

0 comments Sunday 30 Nov 2003 | Posted By Ed Aboufadel | Predictions

If there’s a price hike this week, it would be up to $1.53 or so. The 0-margin price is about $1.30. Since prices in town are currently ranging from $1.41 to $1.53, there is a room for prices to fall, but Mr. Big could also order up a price hike. So, at this moment, no [...]

0 comments Monday 29 Sep 2003 | Posted By Ed Aboufadel | Predictions

This is a difficult time of year to make predictions. With the end of September, the federal requirement for reformalated gasoline, to reduce pollution, is no longer in force, so the “Chicago Summer Premium” goes away. This should take 10 cents off of wholesale and retail prices, and I expect the CSP has already been [...]