As Diether said in the comments of my last post, it is indeed time to worry, as the Spike line was 3-15¢ under across the board today. I’ll go with his prediction of $3.599 or $3.659 with Ohio on the low side, and Michigan on the high side. Patrick, the GasBuddy blogger who got his start here says it could push higher.
The big question is when? Tomorrow is the most likely to me, although the possibility of them waiting until Thursday since it’s so close to the last adjustment up is possible.
Now, I’d like to answer a couple things from the last post’s comments.
Diether stated that, “Some of the prices on that chart (Today In Oil) are mid-day quotes.”
Actually, they are all EOD, although I’m sure I gather the information from a different place. I get mine from DTN.
“Stupid question/suggestion. Would it be possible to have a running 60 day graph of the CBT spot prices of wholesale gasoline in the Spikeline (or anyplace) on this site?”
I don’t have the wholesale price, but I do have the price adjusted to the SpikeLine on the charts on the Spike Line page (look under “Features” at the top.) There are charts for Indy, Indiana, Michigan and Ohio there. Updating these takes some work, so I usually do it weekly. I’ve done what I can to improve the process, getting the time is my issue now. Your question has given me a thought about putting a chart on the Today In Oil page (also under features) as well. Again, time will dictate when that happens.
Happy price hunting, all. It’s gonna get rough the next few weeks/months!