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6 comments Friday 07 Mar 2008 | Posted By Patrick | Commentary

Here are some charts from GasBuddy.com; lets see if you can figure out where I’m getting at. Look at the charts and carefully look what 3 areas I’m charting (If you see Texas, it is simply used as a baseline because the state lacks a retailer that owns a large portion of the gas stations [...]

0 comments Sunday 20 Jan 2008 | Posted By Ed Aboufadel | Predictions

Comment on previous prediction: There was no price hike last week, and prices keep falling, so the prediction was CORRECT. Sunday, January 20, 2008, 11:30AM: By my calculations, wholesale prices correspond to retail prices in a range between $2.87 and $3.09. With prices as low as $2.80 in the area, we’ve got a price hike [...]

0 comments Wednesday 16 Jan 2008 | Posted By Patrick | Predictions

Highlights from today’s weekly release of the DOE Petroleum Stockpile Data: >Refineries operated at 87.1% of capacity… a huge decrease from the week previous!>Gasoline production dropped roughly 200,000bpd compared to last week>Crude oil imports seem on a rebound: they averaged 10 million barrels per day, about 220,000bpd higher than the same period last year The [...]

0 comments Thursday 27 Dec 2007 | Posted By Ed Aboufadel | Commentary

Comment on my 12/19 prediction:  Nope, prices held steady until the day after Christmas, and then they went up to $3.15, so I was WRONG. Thursday, December 27, 2007, 2:15 PM:  We got a nice Christmas present of several days of gas below $3, but, as Patrick has indicated, it looks a bit ugly going [...]

0 comments Friday 14 Dec 2007 | Posted By Ed Aboufadel | Predictions

Comment on my 12/2 prediction:  Prices fell from 12/2 until 12/12, definitely below $3 everywhere, so the prediction was CORRECT. Friday, December 14, 2007, 4:30 PM:  I’ve been busy with finals, so I apologize for not posting lately.  I was thinking we would get a hike to $3.09 on Monday, based on the wholesale prices, [...]

0 comments Sunday 02 Dec 2007 | Posted By Ed Aboufadel | Predictions

Comment on last Saturday’s prediction: Prices rose last Monday to $3.23, just as CORRECTly predicted. Sunday, December 2, 2007, 9:30 AM: A nice drop in wholesale prices the past week puts the range of prices, based on wholesale prices, $2.89 to $3.09. But, some retailers have maintained prices above $3.20 since Monday, so drive past [...]