Comments on: Coming up next, price re-set to $2.49. http://www.thegasgame.com/2009/07/19/coming-up-next-price-re-set-to-2-49/ Keep track of gasoline prices, oil prices, future gasoline prices, future oil prices, see predictions, get price prediction, find gasoline prices, see if you're getting gouged, find news about diesel prices, ethanol prices, and refinery maintenance and refinery shutdowns. Tue, 07 Feb 2012 16:59:14 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Bill Eby http://www.thegasgame.com/2009/07/19/coming-up-next-price-re-set-to-2-49/comment-page-1/#comment-2578 Bill Eby Mon, 20 Jul 2009 21:44:18 +0000 http://www.thegasgame.com/2009/07/19/coming-up-next-price-re-set-to-2-49/#comment-2578 It's not looking good for tomorrow. There are many factors pointing toward a spike for tomorrow. Yeah, the margins are at a negative (Indianapolis at -14 cents, -6.29 cents in Indiana and Michigan at -1.64 cents). But that's not all. History shows that after a period of dropping, Speedway has a hair trigger when it comes to the merging of the average price and the spot price. Strangely, the low end also moved up in Indiana and Michigan. I thought looking at the rack prices from the Today In Oil page and seeing Indianapolis' rack 9 cents power than Chicago's that it could influence whether a spike would happen. But with Indy's margin in the negative by 5 cents more than that, it doesn't help. Nope, Indiana and Michigan will see a spike tomorrow. I expect Indiana to fall in the $2.40-2.45 range, and Michigan to fall around $2.45-$2.50. NW Indiana will see their prices rise to the $2.50-2.55 range. It’s not looking good for tomorrow. There are many factors pointing toward a spike for tomorrow. Yeah, the margins are at a negative (Indianapolis at -14 cents, -6.29 cents in Indiana and Michigan at -1.64 cents). But that’s not all. History shows that after a period of dropping, Speedway has a hair trigger when it comes to the merging of the average price and the spot price. Strangely, the low end also moved up in Indiana and Michigan.

I thought looking at the rack prices from the Today In Oil page and seeing Indianapolis’ rack 9 cents power than Chicago’s that it could influence whether a spike would happen. But with Indy’s margin in the negative by 5 cents more than that, it doesn’t help.

Nope, Indiana and Michigan will see a spike tomorrow. I expect Indiana to fall in the $2.40-2.45 range, and Michigan to fall around $2.45-$2.50. NW Indiana will see their prices rise to the $2.50-2.55 range.

]]> By: Tim http://www.thegasgame.com/2009/07/19/coming-up-next-price-re-set-to-2-49/comment-page-1/#comment-2577 Tim Mon, 20 Jul 2009 18:34:19 +0000 http://www.thegasgame.com/2009/07/19/coming-up-next-price-re-set-to-2-49/#comment-2577 It looks like the oil speculators are betting against the dollar again with all the talk of budget deficits and government (health care/bail out) spending increases. The money has to come from somewhere - even if it is our own government counterfitting ( by printing worthless or greatly de-valued) US currancy. It looks like the oil speculators are betting against the dollar again with all the talk of budget deficits and government (health care/bail out) spending increases. The money has to come from somewhere – even if it is our own government counterfitting ( by printing worthless or greatly de-valued) US currancy.

]]> By: Chris Grant http://www.thegasgame.com/2009/07/19/coming-up-next-price-re-set-to-2-49/comment-page-1/#comment-2576 Chris Grant Mon, 20 Jul 2009 12:12:51 +0000 http://www.thegasgame.com/2009/07/19/coming-up-next-price-re-set-to-2-49/#comment-2576 As of 8am, oil up $1.24 and RBOB up 2.2 cents. As of 8am, oil up $1.24 and RBOB up 2.2 cents.

]]> By: Bill Eby http://www.thegasgame.com/2009/07/19/coming-up-next-price-re-set-to-2-49/comment-page-1/#comment-2575 Bill Eby Sun, 19 Jul 2009 19:28:52 +0000 http://www.thegasgame.com/2009/07/19/coming-up-next-price-re-set-to-2-49/#comment-2575 I'm not 100% convinced we will reset, yet. The market will have to stay flat or rise on Monday for this to happen. A fall in the market will let us skate on it until Thursday. It will be interesting. I’m not 100% convinced we will reset, yet. The market will have to stay flat or rise on Monday for this to happen. A fall in the market will let us skate on it until Thursday. It will be interesting.

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