Spike possible tomorrow

If you haven’t already, do look at the previous post Ed put out about gouging in Michigan. These are good reads for those interested in the oil industry, too.

Now, on to business. With a spike up in everything oil/gas/diesel, we are very ripe for a spike tomorrow. I’m putting it at about 65% possible. The margins for Michigan and Indiana just fell below 0 today after riding a period of profit taking. It’s possible we won’t see a jump tomorrow as Speedway and the other stations wait for the weekly DOE report Wednesday for which direction we should see for the end of the week. But it’s been a while since the last one, I’m betting on a spike up to the $2.67-2.73 range.

Do fill up tonight/early tomorrow as spike protection.

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  1. Just to back up your predictions, Meijer/Standale told me today that they will be going up tomorrow. Isn’t it strange that Meijer/Standale is 2.50, Meijer/Walker&Xway is about 2.56 and Meijer/Alpine I know is 2.66 or 7. That’s a huge differential in one brand! Thanks for your predictions, I always share with my family members who work and don’t have time to look for your predictions. (They are all filling up today!). shirleyg

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