The long awaited 2008 Summer Driving season is now upon us, after a mostly gloomy and cool Memorial Day weekend here in Mid-Michigan. With gasoline prices approaching and surpassing $4, many are asking what’s in store for this Summer… what can I expect, when should I vacation?
This post may be one of my longer posts. [...]
3 comments Tuesday 27 May 2008 | Patrick | Predictions
After Speedway’s late-week identity crisis in which it didn’t want to be the first over $4, it has now raised all stations to $4.19.
While there has been much confusion surrounding what to do after wholesale costs spiked last week after Speedway’s hike to $3.99, many stations simply couldn’t wait for Speedway and we saw individual [...]
0 comments Monday 26 May 2008 | Patrick | Predictions
Comment on the May 19th posting: Prices re-set early last week to $3.99, as predicted. Then they went up again at the end of the week, briefly to $4.19, but on Memorial Day, we are back to $4.09. So the prediction was CORRECT — Speedway did resist going over $4 as long as possible — [...]
0 comments Monday 26 May 2008 | Ed Aboufadel | Commentary
Sorry for all the updates, but this is just further support of $4 gasoline here in the Midwest tomorrow.
My benchmark station in Burns Harbor, IN jumped from $3.89 to the $4.05 mark. We’ll likely see $4.19. Ohio and Indiana $4.09-$4.15.
Top off/Fill up TONIGHT!
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2 comments Wednesday 21 May 2008 | Patrick | Predictions
Today’s DOE report was just about as bad as they get. The government’s report showed oil inventories posting a surprising loss of well over 5 million barrels, while gasoline stockpiles fell as well even though refineries operated at slightly higher utilization than the previous week.
Despite high prices, gasoline demand was report to only be 0.4% [...]
0 comments Wednesday 21 May 2008 | Patrick | Predictions
As of a few moments ago, Speedway has set the price of $3.99 at many of their Michigan, Indiana, and Ohio locations. This is a rare instance in the fact that Speedway is pricing gasoline the same in these states. Seems to be that they are favoring the consumer here and not going over $4 [...]
4 comments Wednesday 21 May 2008 | Patrick | Commentary
