Gas prices to go up over weekend/early next week

The stat line goes like this:

Fair price: ( $1.9374+$0.6413 ) = $2.5787
Average selling price – fair price: ($2.537-$2.5787)=
Margin over cost + profit: -$0.0417

In other words, for Michigan, you are selling at more than a negative 4 cent margin by my numbers. In Indiana that is more than 6 cents, and that’s with 5 cents taken out of the fair price due to the Indianapolis rack being so much lower than Chicago’s. This usually means spike. But we are going into a weekend, and Speedway rarely goes up on Saturday and never has on Sunday since I have kept track.

I have seen weekend spikes up in price from local retailers. Companies like Schmuckal Oil in NNW Lower Michigan, Wesco in W Lower Michigan and Atlas Oil in Indiana, a few in Michigan and Kentucky (check out our links page to see their websites and see if their is a station in your area.) Meijer also has spiked up on the weekend.

My point is we are very close to a spike, and we may see the price spike up over the weekend/early next week. Keep an eye on your local retailers, as they may spike up, even if Speedway doesn’t. Good luck out there.

5 Comments

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  1. I notice you are using October futures instead of September. Sept. is a lot higher!

  2. Speedway in Allendale was up this morning to $2.57

  3. Allendale is back down to $2.47 today. I wonder why my comment from earlier is still in moderation?

  4. I never use futures for my numbers, I use Chicago spot.

  5. Well . . . after all, it is the Labor Day weekend, time for a price increase!!! They do it every holiday no matter what the numbers are showing.

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