Happy Thanksgiving! Watch gas prices, is Black Friday a “Holiday”? If it isn’t, FILL ‘ER UP!
3 comments Thursday, 11-27-08 | Posted By Patrick | Predictions
Happy Thanksgiving to all our faithful readers! We here at TheGasGame are thankful for so much- especially you, our audience! You’ve helped transform this website into what it has become today, so thank you!
On to the gas price news…
I’m expecting a gas price hike here very soon as the market has closed up two days in-a-row for the first time in a while. Some stations are definitely at the 0-cent margin this morning ($1.50 at a Meijer) and next time they fill their tanks will start losing money if they don’t adjust. If Black Friday is still a normal business day with oil companies (I’m noticing more and more companies starting to call Black Friday an "official company holiday" [i.e. UPS]), then prices should rise… but I’m not sure what companies are now closed for BF, so who knows.
If oil companies and such TAKE OFF Friday, we won’t see the hike until Monday.
If oil comanies and such ARE OPEN and WORKING Friday, we’ll likely see the price hike Friday morning.
The expected hike will be $1.79-$1.99 (huge range there, I know), so just to be safe I would definitely fill up before shopping Friday morning!
Enjoy your turkey and watching the Lions lose.
Patrick
FWIW, SSA spiked today (yes, Thanksgiving) in the Twin Cities. Last night, according to their web site, they ranged from $1.569/gal. to $1.699/gal. This morning, about 130 of their stations are at $1.759/gal., with 19 others ranging from $1.599/gal. to $1.699/gal.
BTW, in the Twin Cities, this was the first spike since the infamous back-to-back Friday and Saturday spikes on Sept. 12 & 13 (due to Hurricane Gustav). Some might be interested in a daily graph of Twin Cities prices which tracks the daily average retail price, the high, low, and spike prices for SuperAmerica (the brand that Speedway SuperAmerica LLC uses in Minnesota) and an approximation of the minimum selling price (as mandated by Minnesota state law). A companion graph (updated on weekends) shows prices since Nov. 2007.
I think you guys need to make your way to the Michigan Forums on GasBuddies. There are some not too kind words aimed toward you and your website.