Spike possible tomorrow, but not likely
4 comments Wednesday, 07-22-09 | Posted By Bill Eby | Predictions
The numbers suggest (with Indiana at -3 cents margin and Michigan holding on at 1.8 cents margin) a spike is possible tomorrow. History shows, however, that two spikes in a week are really rare. With margins this close to break even, that makes the likelihood that a spike will happen to be very low.
If you need a fill up and can get gas in the $2.30s in Michigan, or below $2.30 in Indiana, you may wish to do so tonight as spike insurance. But like all insurance, you may not cash in on it.
Nope, tomorrow is not likely, it went up to $2.55 this afternoon in Traverse City.
Gas in the Saginaw area Speedways went form 2.45 to 2.55 today. Flying J’s is still down near 2.39.
Gas went from 2.27 up to 2.42 already in Newburgh/Evansville, Indiana
I got gas for 2.32 today!