3 comments Wednesday, 01-25-12 | Posted By Bill Eby | Predictions
With some stations going below $3, we are unfortunately seeing an upward push in the markets today. That will cause a spike, most likely tomorrow, historically the most spiked day in TheGasGame history. The spike shouldn’t reach more than $3.35-$3.39, less depending where you are.
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Went up to $3.459.
$3.459 was also the price in Indiana and Ohio.
However, there is not a lot of power to this reset, as Speedway is reporting its 2 stations on Gull Rd. in Kalamazoo and Comstock Townships are already down to $3.389. Their stations in Coloma and Bangor are currently reported at $3.329 and $3.399.
Lowell Speedway is now $3.289.
Fremont $3.279, Grandville $3.289
$3.279, Wyoming, 3315 S. Division
$3.279, Wyoming, 2360 28th St.
$3.299, Grand Rapids, 501 68th St. SW
$3.329, Grand Rapids, 2750 Lake Michigan Dr.
$3.339, Grand Rapids, 400 Leonard NW
$3.369, Grand Rapids, 1533 Leonard
$3.279, two locations in Cadillac
$3.339, Grayling
$3.229, Lansing, 3625 S. Cedar St.
$3.249, Lansing, 1923 E. Michigan
This is not outdated data. Speedway uploads data from their stations hourly.
New York March gasoline futures are up 3.51¢ this morning to $2.9078, after settling down 5.61¢ yesterday. April and May futures have breached $3, at $3.0235 and $3.0065, respectively.
The GasBuddy Michigan retail average is up .9¢ since yesterday’s Spike Line was posted.
I think we should prepare for a reset on Thursday to $3.559, unless the Wednesday EIA report says inventories are way up.
The lowest price currently reported in the Kalamazoo area is $3.269 on Sprinkle Rd. in Comstock Township. The lowest price in the Grand Rapids area is $3.249 in Cedar Springs and Sparta. Both towns have Admiral stations at that price. Admiral stations are frequently the low price leaders across Michigan.
The lowest price in Michigan is $3.139 at two stations in Ortonville, southeast of Flint.
Poll: Higher gas taxes, fees to help roads opposed
http://www.wwmt.com/articles/taxes-1401194-fees-gas.html
If it is really necessary, I’m OK with raising fuel taxes. I am NOT OK with raising registration fees to pay for roads. Higher registration fees make it more difficult for low income people to get their vehicles legal, which is even worse when those people get caught with unregistered/uninsured vehicles and have to pay $1,000s in driver responsibility fees they can’t possibly afford. If anyone needs to pay higher registration fees, it’s owners of alternative fuel vehicles (hybrid, all-electric, natural gas, bio-diesel?) who are currently paying little to no fuel taxes. I suspect there are virtually no low income people who own those vehicles, so the fee would not be a financial burden.