The last spike was a weird one. Indiana’s spike was too soft, and they are back under the Spike Line again. Ohio had no spike at all, and should have one soon. Michigan’s spike, however, was juuuuuust right.
The Goldilocks reference aside, it concerns me this time of year that predicting spikes is more difficult than normal. We are getting ready for the summer blend to roll out in the next month. When refineries started making it, the Chicago Spot shot up 11 cents in one day. But we didn’t see a spike from it until it shot up 5 cents the two days after that.
So it is hit or miss. Could Michigan have finally rolled over, and Indiana is close behind, but Ohio is lagging? That would be as good an explanation as any.
In short: If you aren’t in Michigan, expect a spike tomorrow.