Comment on the March 28 prediction: For the most part, CORRECT, as prices rose as predicted, but up to $2.19, not just $2.09.
Saturday, April 9, 2016, 9:00AM: Maybe it is karma for my “We know exactly what we’re doing” snark on March 28, but this week, many of the freely-available sources that The Gas Game uses to monitor wholesale prices in the Midwest went dark, at least temporarily. We can always keep an eye on the publicly-traded futures contracts in New York, and there other tricks we have to try to track these prices, but they are less exact and less reliable. But we’ll do the best we can going forward, and with oil prices shooting up on Friday, it is clear so did wholesale gas prices. Looks like the station I track in Fort Wayne jumped up to $2.09 sometime in the past 16 hours, and there are reports that Ohio went up to $2.09 on Thursday. So it is clear that a price reset is coming in Michigan and other Big Red states. Figure that we are heading back to $2.19 either today (Saturday!) or on Monday. –Ed A.