Greetings, everybody. I’m the new guy, Tim. I was recently been asked by TheGasGame to join their group and help out with contributions on gas prices from the Great State of Ohio. I have been tracking gasoline prices in Ohio for several years using the model developed by TheGasGame. I do my best to help people time their gasoline purchase and save money. It’s a real honor to have been invited by Patrick, Ed, and Bill to write here. I look forward to sharing my perspective with you all and hearing back from you, as well. That’s the good news.
The bad news is that there’s been a large jump in the Chicago CBOB price today. It’s the result of a downed crude distillation unit locate at BP Whiting – one of the largest refineries in the Midwest. CBOB closed UP 28 cents a gallon and RBOB is UP 23 cents a gallon. These new spot prices look to put Indiana under the Spike Line and take a big bite out of the margins in Ohio and Michigan. It’s uncommon for such a large jump to go unnoticed by our friends in Enon, OH. Be prepared for a price hike tomorrow. -TS