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Looks like $3.99 on Tuesday.

37 comments Monday, 05-13-13 | Posted By Ed Aboufadel | Predictions

Comment on the May 8 prediction:  Prices rose in Michigan to $3.85 on Thursday, pretty much as CORRECTly predicted.

Monday, May 13, 2013, 9:00PM:  Wholesale prices climbing again.  Looks like $3.99 on Tuesday. –Ed Aboufadel

You say Tuesday, so I’ll say Thursday

21 comments Wednesday, 05-08-13 | Posted By Ed Aboufadel | Predictions

Comment on the April 18 prediction:  As predicted, prices rose, but only to $3.79 on April 19, and then $3.89 a few days later.  Call it CORRECT!  I haven’t posted since then, but Bill has been keeping up.

Wednesday, May 8, 2013:  From what I can tell, wholesale prices have been keeping pretty steady the past few weeks.  Bill suspected a spike on Monday or Tuesday, but those with long memories know that Thursday is historically the favorite day for Big Red and Friends.  I am anticipating a hike back to $3.89 on Thursday, and I will fill up tomorrow morning. — Ed A.

Temperatures are on the rise… and so is gas.

17 comments Sunday, 05-05-13 | Posted By Bill | Predictions

We are firmly in spike territory, so firm we should see a spike even with the Gulf Coast discount. Expect a spike as early as Monday, although it may hold out ’til Tuesday.

While a spike should happen, I’ve been wrong before.

21 comments Sunday, 04-28-13 | Posted By Bill | Predictions

Last week was weird. Last week when I posted, the numbers pointed to a possible spike, and I called for one to happen. Well, it didn’t… except for Michigan. They did spike, but on Tuesday. So I was wrong in my prediction.

Right now, however, margins are all 17 cents or more. That’s not good, and we are ripe for a spike. What I think has been holding us back is the fact that with Chicago Spot so high, we are actually getting supplied by the Gulf Coast and their lower price. And we are still riding an artificial high since the storms and pipeline and refinery shutdowns. That being said, Gulf coast isn’t so much lower that we would avoid a spike.

So where will we go? Number indicate we could see anything from $3.899 to 3.999. Ohio would be about 10 cents lower. Keep an eye on the pump prices tomorrow so you can get gas while it’s cheap.

Could it be Fill-up Monday?

37 comments Friday, 04-19-13 | Posted By Bill | Predictions

Well, Ed was spot on (as was I on the Spike Line page under the features link above). But it may not be over, yet. Market price in Chicago went up another 11 cents today. Could we possibly be in for another spike early next week?

This post is the first of a weekly feature I’ve been working on, the end of week report. We saw the Chicago CBOB go up around 35 cents this week from 2.6818 on Friday to 3.0270 today. The Chicago RBOB is up about 37 cents, and is currently 23 cents over the CBOB. The Chicago Ultra Low Sulfur Diesel is down 2.67 cents, and the Group 3 spot is up 1.56 cents.

The Indiana average is up 22.1 cents, Michigan up 17.5 cents, and Ohio up 20.9. All are still trending up, and could see another 5-10 cent climb before prices ease, or another spike occurs. The US average went down 2.6 cents on the week.

Why the big jump up? I had the pleasure of hearing an interview with Patrick on WIBC this afternoon, and he says it is because of the large amount of rain we’ve had causing power outages, and thus pipeline and refinery closures. These are temporary, however. There is a possibility of a spike on Monday, but they also may skip it, especially if there is an early drop in the market on Monday. We shall see. But these high prices won’t last long, and we should settle back into $3.30′s in a week or two as long as the national market doesn’t rise in the meantime.

It’s a Fill Up Friday!

11 comments Thursday, 04-18-13 | Posted By Ed Aboufadel | Predictions

Comment on Sunday’s prediction:  Prices rose to $3.65 on Monday, pretty much as predicted.  CORRECT!

Thursday, April 18, 2013, 10:00PM:  Maybe these local floods are a factor, but according to this article, wholesale prices jumped significantly today, enough so that I expect they’ll reset prices on Friday, to $3.89.  Fill up! — Ed Aboufadel