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1 comment Thursday 15 Oct 2009 | Posted By Bill Eby | Predictions

I meant to post this last night, but I got called away for diaper duty, and then bedtime. My apologies.
There was no DOE report yesterday because of the Columbus Day holiday. So will Speedway treat today as a Thursday or a Wednesday? If it is a Wednesday, they may wait for the DOE report [...]

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

1 comment Monday 29 Jun 2009 | Posted By Bill Eby | Predictions

If you haven’t already, do look at the previous post Ed put out about gouging in Michigan. These are good reads for those interested in the oil industry, too.
Now, on to business. With a spike up in everything oil/gas/diesel, we are very ripe for a spike tomorrow. I’m putting it at about [...]

7 comments Thursday 11 Jun 2009 | Posted By Ed Aboufadel | Predictions

Thursday, June 11, 2009, 1:15PM:  The extreme price jumps in the Chicago market continue to sort themselves out, and this report indicates that while NYMEX has been climbing (follow the UGA ETF for a quick read on that), Chicago wholesale prices have been falling.  So, using a $2.07 NYMEX/Chicago wholesale price, I calculate a range [...]

1 comment Tuesday 09 Jun 2009 | Posted By Bill Eby | Predictions

I see the prices falling in the next couple days at least, since the Chicago spot has fallen 21 cents since Thursday.  The supply problem in the Midwest seems to be easing, and we have seen prices fall in some areas.  Since I have had a report that Indianapolis stations recorded a negative profit for [...]

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.