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0 comments Monday 25 Aug 2008 | Posted By Ed Aboufadel | Predictions

Monday, August 25, 2008, 2:00 PM:  Wholesale prices spiked up last Thursday, and we got the price hike last Friday to $3.89. Then, on Friday, wholesale prices dropped a lot, and … prices didn’t drop very much, yet.  There are prices below $3.80 scattered about, and I predict over the next few days, you’ll see [...]

0 comments Wednesday 20 Aug 2008 | Posted By Patrick | Predictions

Ouch! What a terrible DOE report today, looks like large losses in gasoline stockpiles is becoming the norm. I’ll keep this short today so that I can enjoy just a little bit of vacation. The DOE report as said was pretty rough for gasoline consumers. While oil inventories rose an amazing 9.6 million barrels, gasoline [...]

4 comments Thursday 14 Aug 2008 | Posted By Patrick | Commentary

A couple weeks ago, I blogged about how I typically fuel up at BP and recently became frustrated with their new mark-up scheme on mid-grade and premium gasoline. Their “grade gap” (also known as the difference in price between grades) HAD been nine cents (3.90/3.99/4.08) for as long as I could remember. About a month [...]

0 comments Monday 28 Jul 2008 | Posted By Ed Aboufadel | Commentary

Monday, July 28, 2008, 8:30 PM:  Yeah, I’ve been kind of busy lately, with no time to post any updates or predictions, but with wholesale prices down 50 cents a gallon the past few weeks, it has been nice to watch that drop trickle down to the retail level.  If my calculations are correct, we [...]

1 comment Tuesday 22 Jul 2008 | Posted By Patrick | Predictions

With news from major forecasting firms that project Dolly to miss major Gulf rigs and refineries, traders are busy selling off their contracts for gasoline and oil. As you can see on the ticker on the left, gasoline is down nearly 10-cents/gal and oil is down over $4/bbl. Hopefully this continues, and MAYBE we can [...]

0 comments Thursday 01 May 2008 | Posted By Patrick | Predictions

If you can wait to fill up, I would definitely do so. While Speedway’s jump to 3.75 seemed predictable days ago, wholesale prices have taken a decent size fall since then, losing 10 cents just yesterday. Most stations that are buying new gas are paying around 3.50 a gallon today, so there is a lot [...]