Price Hike Time

Comment on the November 1 prediction: Our last price hike was October 27, and prices have been falling slowly but surely since, with $2.39 in Lowell. The prediction was CORRECT.

Monday, November 16, 2009, 2:45pm: With Citgo and Rich out of business in Standale, that area of town has become the high-price leader. It has made it harder for me to monitor the situation. Today, for instance, with NYMEX prices higher, the 20-cent margin price is in the $2.70 to $2.75 range, and prices are $2.59 in Standale. Monitoring prices elsewhere in time either requires more driving by me or regular trip to GasBuddy, so I’m not as in tune with things as I have been in the past. If prices were below $2.50 in Standale, like they are elsewhere in town, I’d be predicting a price hike without a sweat. Instead, I have to take some more readings, and I will conclude that a price hike is on its way, maybe tomorrow already. $2.65? — Ed Aboufadel

Updated: November 16, 2009 — 3:48 pm

6 Comments

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  1. I agree with Ed on this. I think we could see a spike to $2.60-2.65 in Indiana, and five cents higher in Michigan.

  2. $0.25 over night on the east side of the state.

  3. Speedways up to $2.59/gal friday 11/27.

  4. Admiral stations in Greenville hung tough @ $2.40 thru the weekend.
    Patrick’s presence on thegasgame.com is missed. Updates now are very infrequent. Disappointing. 🙁

  5. Been stuck at $2.59 in Ohio for what feels like forever. Missing the updates too. 🙁

  6. Don’t worry guys, Ed and Bill are all over things. Wholesale prices have been pretty steady lately, and hikes (besides the weird hike to $2.59) have been posted about 🙂

    If you want to read more in the meantime, follow me at blog.gasbuddy.com!

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