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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 [...]

5 comments Tuesday 26 May 2009 | Posted By Ed Aboufadel | Commentary

Woe to us. Prices rose at random places on SATURDAY to $2.59, and today Speedway is making sure we understand with a system-wide re-set. The new price in Michigan is $2.69 a gallon.

0 comments Thursday 14 May 2009 | Posted By Ed Aboufadel | Commentary

Be extra vigilant for the guy with the number stick on Friday.

0 comments Wednesday 06 May 2009 | Posted By Ed Aboufadel | Commentary

Wednesday, May 6, 2009, 7:30 AM:  Another price hike yesterday — to $2.29 — and it starting to feel a bit like the first half of 2008.  I write this because wholesale prices shot up 20 cents over the past week, so retail prices have followed, and we have our highest prices of the year.  [...]

4 comments Tuesday 05 May 2009 | Posted By Patrick | Predictions

Looking at morning numbers briefly this morning before an interview on WOOD AM1300, I think I might have to announce that I’m expecting a price hike soon to $2.19! A quick look at closing prices on the market from late last week and yesterday:Thursday close $1.42Friday close $1.47Monday close $1.54 As you can see, wholesale [...]

5 comments Tuesday 21 Apr 2009 | Posted By Patrick | Predictions

Let me just say how surprised I am that Speedway raised prices today. I think everyone should be able to see how out-of-line this price hike was as it stunned many. Wholesale gasoline prices closed down a good amount yesterday, so why did Speedway raise prices? Good question. And while we’re on the topic, Speedway [...]