Month: February 2014

Why hike Saturday when Thursday will do?

Wednesday, February 26, 2014, 6:30PM:  Although I am still perplexed about what happened last week, I have some clarity about what will happen tomorrow.  Last Thursday, on Grand Rapids Gas Buddy, there were postings of several stations at a new price of $3.65.   Then, a few hours later, those postings were gone.  Instead, on Saturday morning, we got our third Saturday hike in a row, and of course the new price was … $3.65.  Retail prices have been following higher wholesale prices, which we usually see in February, particularly in regions influenced by Chicago.  Well, we have a new high for 2014 in wholesale prices tonight, and I calculate the cost to retailers to be $3.59 a gallon.  Since prices in and near Grand Rapids are in the $3.44-$3.65 range, we are looking at price hike on Thursday.  Estimated new price:  $3.75. –Ed A.

Freaky February for Gas Prices, Weather, Etc.

Comment on the February 5 prediction:  I predicted a Thursday hike, but we ended up with a rare Saturday hike, to $3.49.  So, I was WRONG.

Thursday, February 20, 2014, 2:30PM:  It has been a difficult game to play this month.  We’ve had two rare Saturday hikes (Feb. 8 and 15) due to jumps in the wholesale market on Fridays, while competition in the retail sector has been knocking those hikes back down.  Last night, I calculated a price to retailers in Michigan of about $3.40, but prices are all over the place this morning, with a low of $3.32 on Alpine Avenue.  As I write this post, there are reports on GasBuddy of a hike to $3.65 at some Speedway’s in town, although the Speedway web site doesn’t show it to be the case.  If that is correct, that’s a bit of reach compared to recent price hikes, and that price may not hold up very long.

So, fill up for $3.40 if you can, but I don’t have anything to predict.  I do have a reading assignment though:  Michigan drivers pay some of the highest taxes in the region on gasoline.  -Ed A.

They call it TPHT

Comment on the January 28 prediction:  Right on the money, as prices rose last Thursday to $3.39.  CORRECT.

Wednesday, February 5, 2014, 7:45PM:  Wholesale prices are right where they were at the last price hike, but retail prices have fallen from $3.39 to as low as $3.13 in Cedar Springs.  Seems like it is Thursday Price Hike Time, back to around $3.39 I predict. — Ed A.

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