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3 comments Wednesday 17 Jun 2009 | Posted By Bill Eby | Predictions

Yesterday the Chicago spot bounded up to $2.12, sparking the belief in me that Speedway should spike up in all states it was in. Today the Chicago spot dropped back down to $2.07. This puts us in a very tricky area. Michigan is well above the spike threshold, about 4 cents. Indiana on the other [...]

7 comments Thursday 11 Jun 2009 | Posted By Ed Aboufadel | Predictions

Thursday, June 11, 2009, 1:15PM:  The extreme price jumps in the Chicago market continue to sort themselves out, and this report indicates that while NYMEX has been climbing (follow the UGA ETF for a quick read on that), Chicago wholesale prices have been falling.  So, using a $2.07 NYMEX/Chicago wholesale price, I calculate a range [...]

1 comment Tuesday 09 Jun 2009 | Posted By Bill Eby | Predictions

I see the prices falling in the next couple days at least, since the Chicago spot has fallen 21 cents since Thursday.  The supply problem in the Midwest seems to be easing, and we have seen prices fall in some areas.  Since I have had a report that Indianapolis stations recorded a negative profit for [...]

4 comments Thursday 04 Jun 2009 | Posted By Ed Aboufadel | Predictions

Just as we are digging ourselves out of recession caused in part by financial geniuses who bought and sold “default swaps” and other products they couldn’t afford to support, prices spiking to $3 could cause it all to grind to halt again, like it did last summer.

10 comments Wednesday 03 Jun 2009 | Posted By Bill Eby | Predictions

After yesterday’s spike up to $2.85 we saw the bottom completely drop out of the Chicago market, and wholesale gas jump 13 cents to $2.29.  This was for delivery to the Wolverine Pipeline, which covers the lower part of Michigan.  With Speedway jumping up to $2.85 before this climb, and the price being specifically set [...]

0 comments Monday 01 Jun 2009 | Posted By Bill Eby | Predictions

Michigan saw a price increase before the weekend to $2.75, but Indiana and Ohio stayed in the $2.60s.  As we start the week, wholesale again went up.  Indiana and Ohio are either operating on negative margins, or they are getting help from non-Chicago areas like the Group 3 or Gulf Coast, which are 20 cents [...]