The Gas Game » Predictions

Trending up over weekend, Price Increase Tuesday is upon us

Bill Eby — Mon, 30 Aug 2010 22:40:50 +0000

It is likely a spike will happen tomorrow. We saw the averages in most areas go up over the weekend, and we are still in Spike territory in two areas. Fill up before it goes up tomorrow. Indiana and Ohio will see $2.69-2.75, Michigan and NW Indiana will see $2.79-2.85.

Lower.

Ed Aboufadel — Tue, 24 Aug 2010 00:45:55 +0000

Comment on the August 12 prediction: Prices have been falling slowly but surely, so the prediction was CORRECT.

Monday, August 23, 2010, 9:00PM: Continued weakness in the energy markets and the stock markets means lower wholesale prices, and still lower retail prices. The 0-cent margin price this evening is about $2.38, so I am predicting more price cuts and no hike for at least the rest of the week. — Ed Aboufadel

Look for prices below $2.69 soon

Ed Aboufadel — Thu, 12 Aug 2010 14:09:19 +0000

Comment on the August 2 prediction: Prices rose to $2.85 in the Grand Rapids area on the 3rd, so the prediction was CORRECT.

Thursday, August 12, 2010, 10:00 AM: Our story so far this week: On Tuesday, the Federal Reserve made a decision about buying treasury bonds, which signaled to investors that the economy is not doing as well as they had hoped. (And it was no surprise to businesses who are having trouble getting loans from frightened banks, or the unemployed.) The stock market proceeded to shed 400 points between Tuesday, Wednesday, and Thursday so far, and, of course, energy prices followed. Wholesale gas prices have dropped 18 cents in the past week, putting the 20-cent margin price at about $2.73. With retail prices in the $2.69-$2.85 range right now, we are set up for some nice price drops over the next few days, where there is competition in the neighborhood. Best place to buy gas will probably be Lowell. — Ed Aboufadel

Quick note

Bill Eby — Mon, 09 Aug 2010 22:32:48 +0000

Prices are poised to rise again tomorrow. I don’t have enough time to give it thorough enough analysis to predict a price, however. If you are close to needed gas, it would be a good time to fill up tonight.

It’s August, so it’s time for higher prices

Ed Aboufadel — Mon, 02 Aug 2010 18:22:29 +0000

Monday, August 2, 2010, 2:15 PM: Price hike predictors, including myself, see what is going on in futures and wholesale market, and it is time to fill the tank. We have wholesale prices rising, to above $2.10, and that corresponds to retail prices with the usual profit of around $2.89. With prices everywhere below $2.79, that’s a recipe for a price hike. I’ll fill up tonight. — Ed Aboufadel

Spike on a Friday? Could be.

Bill Eby — Thu, 22 Jul 2010 23:15:22 +0000

We are in Spike territory in all areas. So it is likely we will receive a spike tomorrow. The only thing that will hold Speedway back is history. They rarely spike on Fridays.

If Speedway doesn’t go up tomorrow, be on the lookout for another supplier like Meijer or Atlas Oil to push prices up over the weekend. Indiana could go up to $2.79-2.85, Michigan and NW Indiana could go to $2.89-2.95, and Ohio could go to $2.85-2.89.

Time to fill the tank

Ed Aboufadel — Mon, 12 Jul 2010 19:52:04 +0000

Comment on the June 30 prediction: Prices dropped as predicted, getting down to $2.59 in Standale (of all places) as I write this. The prediction was CORRECT.

Monday, July 12, 2010, 4:00PM: Didn’t have time to post this morning, which made me tense, because the numbers indicate that a price hike is due. Bill is right! Wholesale prices rose 16 cents last week, and there was a price hike in Indiana on Friday. So, fill up your tanks, and expect a new price of $2.79 tomorrow or Wednesday. — Ed Aboufadel

Price increase on a Friday? It’s possible

Bill Eby — Thu, 08 Jul 2010 23:12:23 +0000

With a big spike up in price (14 cents in the past two days) we would be lucky if we didn’t get a spike tomorrow. While it is Friday, and thus historically unlikely, the pressure is just too great. Expect Indiana to spike up to $2.75-2.79, Michigan and NW Indiana to $2.85-2.89, and Ohio to $2.79-2.85.

Gas for $1 … per liter.

Ed Aboufadel — Wed, 30 Jun 2010 18:44:23 +0000

Wednesday, June 30, 2010, 2:45PM: I was on vacation last week, but I see we had a price hike to $2.89 that was surprising to me. My wife and I were in Quebec, and gas prices there were about $1.06 per liter, which translates to about $4 per gallon (using the conversion that 1 gallon is about 3.8 liters, and 1 dollar US is about 1 dollar Canadian). So, I’d rather be playing the Gas Game here in Michigan. One dollar a liter sounds so much more innocent than $4 a gallon. As far as current prices in the region, we’re ranging from $2.78 to $2.89 a gallon. The stock market has been sliding the past several days, so, of course, we have wholesale prices dropping, and they are down 11 cents since the last price hike. That puts the 0-cent margin price around $2.60. So, we have some room for prices to drop, and that is my prediction for the rest of the week and into Monday. — Ed Aboufadel

Spike again tomorrow

Bill Eby — Tue, 22 Jun 2010 00:23:52 +0000

With wholesale prices on the rise and local prices continuing to fall, the Spike Line has been crossed in all areas I cover. Since tomorrow is Tuesday, it’s likely Speedway will be spiking up. Look for 2.79-2.85 in Indiana, 2.89-2.95 in Michigan, and 2.85-2.89 in Ohio.