Chicago Spot: $2.03 UP 0.0079
Fair price adjustment: 0.7914
Michigan Fair Price: 2.6792
Michigan Average selling price 2.5970
Margin over cost + profit: -0.0822
The dam has gotta break sometime. Gas usually falls at least 2 cents on non-spike days, but over the weekend it didn’t budge, or only went down a couple cents, depending on where you live. The average in Michigan is only .3¢ cheaper than the Thursday spike price. Stagnation like that shows stations are feeling the pinch. The fair price is 8 cents above the current average, too.
Expect a spike tomorrow. Most of Indiana will see 2.65-2.70, while Michigan will be 4-6 cents higher, and NW Indiana will be 5-10 cents higher.