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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

2 comments Monday 07 Sep 2009 | Posted By Ed Aboufadel | Predictions

Comment on the August 18 prediction: Prices rose on August 20 to $2.59, so the prediction was CORRECT.
Monday, September 7, 2009, 6:00 PM: The past two weeks have been very busy for me, but gas prices have been tame, except for the unusual price adjustment a week ago, where Speedway and others raised [...]

1 comment Monday 03 Aug 2009 | Posted By Ed Aboufadel | Predictions

… another price hike is on its way. Look for retail prices in the $2.72-$2.82 range Tuesday or Wednesday.

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.

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 [...]

4 comments Thursday 04 Jun 2009 | Posted By Ed Aboufadel | Predictions

Just as we are digging ourselves out of recession caused in part by financial geniuses who bought and sold “default swaps” and other products they couldn’t afford to support, prices spiking to $3 could cause it all to grind to halt again, like it did last summer.