The Gas Game » Predictions

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.

Possible spike

Bill Eby — Tue, 15 Jun 2010 01:11:26 +0000

With the market up again, we have seen all but Indiana go over the Spike Line. Be on the lookout for Speedway to spike in all areas, however, or at least Michigan, Ohio and Indianapolis.

Today’s danger of a hike — low.

Ed Aboufadel — Wed, 09 Jun 2010 16:58:35 +0000

Comment on the May 27 prediction: There were places in the area where prices rose that Friday to $2.69, and other places where they didn’t. Then, the whole system spiked to $2.75 last week Tuesday. So, I’m going to say 3/4 CORRECT, 1/4 WRONG.

Wednesday, June 9, 2010, 1:00PM: Due to computer issues the last several days, I’ve been a bit unfocused on gas prices. So, time to re-group. Wholesale prices are starting to climb this week, after what looks like at least a short-term bottom in the stock market yesterday afternoon. That brings wholesale prices pretty much where they were when we had the $2.75 hike last week. At the retail level, we have the low $2.60′s in Caledonia and Lowell, and still a lot of $2.70′s around. I don’t think Speedway and friends will be compelled to re-set to $2.75 this week, unless something goes bonkers with wholesale prices tomorrow. So, the prediction is that we’re safe until Monday. — Ed Aboufadel

A price hike before Memorial Day Weekend is quite plausible

Ed Aboufadel — Thu, 27 May 2010 18:53:19 +0000

Comment on the May 19 prediction: It was CORRECT, as prices continued to fall. Lowest as of the moment is $2.52 in Lowell, which is pretty close to the $2.49 floor in the prediction.

Thursday, May 27, 2010, 3:00PM: With Memorial Day weekend almost here, will the retailers raise prices on Friday? If my calculations are correct, the 0-cent margin price is around $2.50, and a price hike would be in the neighborhood of $2.69. That’s quite plausible, given that prices are in the $2.52-$2.72 range now. So, I would fill up tonight, just to be safe, and, just for the heck of it, let’s make it a prediction: price hike on Friday. — Ed Aboufadel

Simple prediction: lower prices!

Ed Aboufadel — Wed, 19 May 2010 16:36:46 +0000

Comment on the May 11 prediction: Prices have been falling below $2.80 in many places, so the prediction was CORRECT.

Wednesday, May 19, 2010, 12:40PM: Since the price hike a few weeks ago to $2.99, wholesale prices have fallen 44 cents a gallon! (Oh, and look at the S&P 500 dropping from 1220 to 1110.) Currently, retail gas prices range from $2.62 in Sparta to above $2.80′s in Standale and elsewhere. This is simple: there is a lot of room for prices to fall further, like to $2.49, in the next several days, unless we get a dramatic recovery in the stock and energy markets the rest of the week. — Ed Aboufadel

Falling prices this week

Ed Aboufadel — Tue, 11 May 2010 11:32:28 +0000

Comment on the April 25 prediction: Technically WRONG, since prices didn’t rise until Tuesday, and then only to $2.99.

Tuesday, May 11, 2010, 7:30AM: Lots of weirdness on Wall Street lately, and one nice consequence for drivers is that energy prices fell 10% last week, including a 25-cent drop in wholesale gas prices. That drop is working its way to retail prices, slowly in some places ($2.96 on Lake Michigan Drive), more quickly in other places ($2.77 on 44th Street in Kentwood). I don’t see any price hike on the horizon, and you should pay less than $2.80 for your next fill-up. — Ed Aboufadel