Archive for the Tag 'oil'
The trade of the year was UGA from $17 to $23 (up 35% in 10 weeks)
0 comments Friday 06 Mar 2009 | Posted By Ed Aboufadel | Commentary
Comment on the February 25 prediction: It was easy to parrot the other predictions last week, but the prediction was CORRECT and that hike did not go over $2. The next day, though, we went to $1.99, and then yesterday it was $2.05. As Speedway posted prices over $2 before under $1, my December 11, [...]
A quiet start to the week
0 comments Monday 02 Mar 2009 | Posted By Patrick | Predictions
After a wild week last week, we should settle down. Markets were down overnight on renewed fears that the economy won’t heat up for years and that the DOW will drop below 7,000 for the first time in over a decade. These fears are causing oil and gasoline contracts to trade lower this morning, leading [...]
Speedway States prepare for more price hikes!
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 [...]
Shell’s Price Hikes Aren’t Holding
2 comments Tuesday 17 Feb 2009 | Posted By Ed Aboufadel | Predictions
Comment on the February 7 prediction: Hmmm. Shell (yes Shell!) hiked to $1.99 on Monday, which matches my prediction, but the rest of the crew took their time, many waiting until Tuesday and their hike was to $1.95. I’m not going to give myself full credit: 3/4 CORRECT, 1/4 WRONG. Tuesday, February 17, 2009, 7:40PM: [...]
