Game on again: AXXIS is back, probable price hike tomorrow

Wednesday, September 29, 2010, 10:00PM: Has it really been a month since my last posting? I’m sorry … my friends know it has been a challenging month for me. It has also been a challenge for our web site, as some of our sources of wholesale prices have been either turned off or have been unreliable. On the other hand, AXXIS is available again (thanks, Bill for keying me in!), and I am watching the daily numbers for Chicago. With a jump today on NYMEX, combined with some key drops in retail prices, such as dropping to $2.59 in Allendale, I think we are set up for a price hike tomorrow, to $2.75 or so. Consider that a prediction. Looking ahead into autumn, prices ought to drop as we get closer to Christmas. At least that has been the seasonal pattern. — Ed Aboufadel

Updated: September 29, 2010 — 9:49 pm

5 Comments

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  1. I think I have a reliable source (or two) to replace the one I lost. Chicago’s Spot price is lost, but I do have another Chicago source that is practically the same data. I’ll be using it in Today In Oil and The Spike Line pages from now on.

    That said, I’m pretty sure we won’t have a spike in Michigan. While the Chicago Futures price went up 9 cents today, the Indiana, Michigan and Ohio averages have been creeping up the past couple days, and all are still above the spike line.

  2. Well prices sure shot up all right, to $2.85 which is insane as there have been no refinery fires, no hurricanes blowing through the gulf area and all the summer and holiday drive seasons are behind us. so what is their excuse for jacking up prices now other than plain and simple greed?

  3. Well said Tom . . . well said.

  4. Prediction on Good Morning America this morning that gas prices will be going even higher than they are right now – no big surprise there – people aren’t spending extra money, the greedy have to get it from somewhere!

  5. What I would like to know is why we have been hovering close to the $3 a gallon mark for the past week and a half. This blog is seriously behind the times with its last posting made in Sept.

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