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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

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 [...]

0 comments Monday 03 Aug 2009 | Posted By Bill Eby | Predictions

Looking at the numbers, the averages here in the Speedway states are low compared to the Chicago spot’s break even price. This is due in part to the biggest climb in one day for wholesale in quite some time, 13 cents on the NYMEX, and 16 cents in the Chicago spot. Friday they [...]

1 comment Thursday 30 Jul 2009 | Posted By Ed Aboufadel | Predictions

Using my formula, a price re-set would be in the range of $2.59-$2.64.

4 comments Sunday 19 Jul 2009 | Posted By Ed Aboufadel | Predictions

We are at the point where rising wholesale prices are colliding with dropping retail prices, which means a price hike is on its way. I predict a re-set to $2.49 a gallon, except for the handful of gas stations still at that price.

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 [...]