The Gas Game » Predictions

With wholesale prices rising, a spike is very likely Tuesday

Bill Eby — Tue, 09 Mar 2010 02:25:02 +0000

I am showing all three Speedway states I monitor (Ohio is not) above the spike line. This means we are ripe for another spike tomorrow. If you need gas, it’s a good time to fill up tonight/tomorrow.

SPIKE ALERT**

Bill Eby — Thu, 04 Mar 2010 03:26:01 +0000

We are at least 7 cents under the spike line in Indiana and Michigan. With these numbers, if we don’t spike tomorrow, there is a god, and he loves us.

Consumption is down, futures up, spike possible

Bill Eby — Wed, 03 Mar 2010 01:08:50 +0000

With a spike up in futures and spot prices, we are all below the spike line. A spike from Speedway is possible tomorrow or Thursday. Target price is around $2.69 for all areas.

Spike warning

Bill Eby — Wed, 17 Feb 2010 01:28:01 +0000

I haven’t posted the numbers for today, yet. It’s looking like with Chicago shooting up 13 cents today in trading, and prices falling over the long weekend, we have shot under the spike line in most areas. Indianapolis is at -8¢, while Indiana and Michigan are at -1-2¢.

Fill up tonight if you can, in the morning most definitely. A spike is a brewing.

No hike this week expected

Ed Aboufadel — Mon, 08 Feb 2010 18:12:22 +0000

Comment on last Tuesday’s prediction: We got a hike the next day to $2.65, so the prediction was CORRECT.

Monday, February 8, 2010, 1:15PM: Wholesale prices got whacked late last week, so retail prices should follow this week. It is already $2.57 in Allendale, but we have room to go a lot lower, unless those wholesale prices turn around. A complicating factor is that historically we’ve seen prices rise in February and March as the turn to summer gas formulation can create supply disruptions. But for now, the prediction is no price hike this week. — EA

Keep an eye on Speedway in the morning

Bill Eby — Wed, 03 Feb 2010 04:25:01 +0000

It is possible we will see a spike up tomorrow. The spike line has been crossed in Indy, Indiana and Michigan. It is -2 cents in Indy, but less than a cent in Michigan. Only history should keep it from happening. Wednesday is not the big spike day, Thursday is. Speedway will usually keep an eye on the DOE report and see if that causes the market to change course.

Keep an eye on Speedway in the morning, and the market throughout the day. If Speedway does not go up, but the market does, expect a Thursday spike.

I smell a price hike coming

Ed Aboufadel — Wed, 03 Feb 2010 04:11:17 +0000

Comment on the January 22 prediction: I think that prediction was WRONG. Stocks sold off, but we had prices rise to $2.65 in different parts of the region, although there wasn’t a complete price hike.

Tuesday, February 2, 2010, 11:15 PM: Wholesale prices dropped significantly late last week, as did the stock market, and retail prices have been following. But, wholesale jumps the past two days means a price hike is coming on Wednesday or Thursday, to the neighborhood of $2.69. — Ed Aboufadel

Spike possible in Michigan, Indiana, Ohio; definate in Indianapolis.

Bill Eby — Tue, 26 Jan 2010 04:36:23 +0000

With today’s jump up in commodities prices, Indianapolis has crossed the spike line by over 7 cents. Indiana and Michigan’s prices have not fallen as much, and are still above the spike line, although for Indiana it’s not by much. I would watch for a spike in all states, however, as it has been a while. I expect a mild spike, with Indiana near $2.60-2.65, Michigan and NW Indiana should fall 5-10 cents higher, and Ohio should start to fall below Indiana.

No Fun in Standale — still $2.69 there

Ed Aboufadel — Fri, 22 Jan 2010 20:21:54 +0000

Comment on the January 12 prediction: Prices have been slowly dropping since the 12th, so the prediction was CORRECT.

Friday, January 22, 2010, 3:30 PM: After traveling to California last week, this week I’ve been watching prices continue to drop slowly but surely around town. It is no fun along Lake Michigan Drive from Standale to I-196, though, as everyone has been stuck at $2.69 all week. Now, a bad week in the stock market has correlated with a bad week in the energy markets, and we are looking at 0-cent margin price below $2.50. So, I’m expecting price drops to continue over the weekend. Early next week, I think it is simple: if the stock market makes up some of its recent losses on Monday or Tuesday, wholesale prices will perk up enough for a price reset ($2.59?) If not, look out below!

No hike this week, but diesel is up

Ed Aboufadel — Tue, 12 Jan 2010 13:32:46 +0000

Tuesday, January 12, 2010, 8:30 AM: After last week’s hike to $2.79, prices haven’t moved much either at the wholesale or retail level. I’m going to make use of the stock market/gas price correlation of the last few years, and with stocks looking to drop today (and, I’m guessing, the rest of the week), wholesale gas prices will too, and so will retail prices. So I predict lower prices through the weekend. In other news, I continue to track diesel prices, which is kind of boring so far. At the Speedway on Lake Michigan Drive, the price was $2.85 from mid-October until the last few days. Now it is $2.95. — Ed Aboufadel