Here comes the spike again.

The markets closed lower (except for Chicago RBOB, now at 14 cents premium to regular). The difference between Chicago rack and other areas shrunk, bringing down the rack adjustment across the board, too. Prices fell in all areas over the weekend.

All areas are in Spike territory, as well. Being a Tuesday, it’s highly likely we will see all areas spike. Indiana could see $2.89-2.95. Michigan could see $2.95-2.99. Ohio should fall to $2.85-2.89. NW Indiana could break the $3 barrier, and be 10-15 cents above Indiana. Top off tonight for insurance. –BE

Updated: April 26, 2010 — 8:45 pm

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