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With wholesale prices rising, a spike is very likely Tuesday

0 comments Monday, 03-08-10 | Posted By Bill Eby | Predictions

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**********

1 comment Wednesday, 03-03-10 | Posted By Bill Eby | Predictions

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

0 comments Tuesday, 03-02-10 | Posted By Bill Eby | Predictions

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.

Not Liking What I See Coming in March

0 comments Thursday, 02-25-10 | Posted By Ed Aboufadel | Commentary

Comment on the February 8 prediction: There was no price hike that week, so the prediction was CORRECT.

Thursday, February 25, 2010, 12:45PM: I have been terribly busy the past two weeks, including a long weekend in San Diego for a conference. Thanks, Bill, for the great warnings you’ve been sending out.

We’ve had two price hikes to deal with in the past week, bringing us up to $2.69. What is next for gas prices? As I posted on February 8, historically we’ve seen prices rise in February and March, and this month has been no different. NYMEX futures for April, which are closely correlated to March retail prices, have been running a dime ahead of the March futures, and that suggests that price hikes will continue over the next few weeks. That’s not a prediction about the next few days, but I’m going to be on “expect a hike” alert the next five weeks.

****Spike warning****

1 comment Tuesday, 02-16-10 | Posted By Bill Eby | Predictions

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

0 comments Monday, 02-08-10 | Posted By Ed Aboufadel | Predictions

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