Month: January 2015

Looks Like the Party is Over

Comment on the January 1 prediction:  Prices rose the next day as predicted, although not as high in Michigan as I thought.  A week later, they rose again.  Pretty much CORRECT.

Saturday, January 31, 2015, 10:15AM:  Wow, oil spiked higher on Friday, so wholesale prices followed, and we are already back in price hike territory.  Looks like the Cheap Gas Party of Winter 2015 is over, as I have been expecting.  Don’t be surprised to see a price hike over the next few days.  $2.39? — Ed A.

After the Energy Crash of 2014

Comment on the January 1 prediction:  We got the hike to $2.09, but it didn’t come until Monday the 5th.  That’s close enough for me, so I’m scoring it CORRECT.

Wednesday, January 21, 2015, 8:00PM:  Sorry for the silence the past three weeks.  I’m having a hard time making sense of the numbers after the Energy Crash of 2014, although my stance right now is that prices are going to start rising as they usually do the first four months of the year.  Right now, January 13 looks like the day of the low for energy (oil closed at $45.89 a barrel), and we got just enough of a jump in wholesale gas prices today that, combined with recent retail drops, puts us in the price hike zone.  I am going to plan on a hike to the $2.09-$2.19 range in the next few days, maybe as soon as tomorrow.

I think what has contributed to the Crash was some traders or funds blowing up and having to sell their energy future contracts.  As an example of a currency trading firm that was wiped out earlier this month: glad I didn’t own stock in FXCM. –EA

New Year! New Game?

Comment on the December 17, 2014 prediction:  No hike the last two weeks of December, so the prediction was WRONG.

Thursday, January 1, 2015, 1:30PM:  Happy New Year to all our readers!  I appreciate that you come to read about gas prices, and I hope we can continue to help you save money during 2015.  Wow, on November 24, retail gas prices were $2.99 in Standale.  Today, it is $1.84, and $1.68 in Lowell.  Reports are that we have some of the cheapest gas in all of the U.S.  It has been remarkable.  What can we expect going forward?  I have to bow to history and expect to see prices move up over the next few months, as they usually do during the winter.  And we are due for a price hike, because drops in retail prices are finally catching up with drops in wholesale prices.  If the pre-price crash rules hold, we’ll see a jump soon to about $2.09 a gallon.  Friday? — Ed A.

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