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2 comments Tuesday 15 Jul 2008 | Posted By Ed Aboufadel | Commentary

Comment on last Wednesday’s prediction: Prices jumped on Friday the 11th and again today, to a new record of $4.25, so the prediction was quite WRONG. Tuesday, July 15, 2008, 8:45PM: If you follow my postings closely, one theme is that the retailers really aren’t making much money selling gas, taking in between 0 and [...]

1 comment Wednesday 09 Jul 2008 | Posted By Ed Aboufadel | Predictions

Comment on the June 26 prediction:  Prices rose on June 27 to a record $4.19, so the prediction was CORRECT.  Retail prices have slowly slipped since then. Wednesday, July 9, 2008, 3:30 PM:  I’ve been slow to post recently due to general family and holiday business, and that nasty storm last week, combined with mixed [...]

3 comments Thursday 26 Jun 2008 | Posted By Ed Aboufadel | Predictions

Comment on the June 18 prediction:  Prices rose to $4.15 last Thursday, as predicted.  CORRECT. Thursday, June 26, 2008, 3:15 PM:  Because it seems like retailers’ margins are tight, or there is some sort of Chicago Summer Discount going on that isn’t reflected in the AXXIS prices, I’ve been trying to keep my tank close [...]

3 comments Friday 09 May 2008 | Posted By Patrick | Commentary

As you may or may not know, last night a Citgo station in Kentwood (52nd and Kalamazoo) was priced at $3.87 on the street. However, once at the pump, customers noticed the $2.87 and greedily filled up without saying one word to the station’s employees. It is appalling to me that this went on for [...]

0 comments Monday 28 Apr 2008 | Posted By Ed Aboufadel | Predictions

Comment on the April 20 prediction: Prices rose last Tuesday to $3.69, so the prediction was CORRECT. Monday, April 28, 2008, 4:10 PM: Despite the record-high gas price, there is some evidence that the retailers are actually taking it easy on us, compared to what they are paying. Still, wholesale prices look like they are [...]

3 comments Wednesday 23 Apr 2008 | Posted By Patrick | Commentary

My Indiana benchmark has dropped four cents since my last writing, down to $3.69. Is there some reason their wholesale costs are that much higher than Grand Rapids? The station in question in Indiana is definitely a high volume station, so their wholesale costs would be more appropriate to benchmark against compared to a smaller [...]