Month: July 2016

Still Too Quiet

Comment on the July 12 prediction:  Prices rose to $2.39 in Michigan the next day, so the prediction was CORRECT.

Monday, July 25, 2016, 7:30PM:  The quietness in the energy markets continues, but retail prices have been sliding nicely, especially in Indiana.  Looking at my calculations, I think we are heading for a price reset on Tuesday or Wednesday.  Wholesale prices are just about where they were for the last hike, so figure back to $2.39. -EA

Too Quiet

Comment on the June 29 prediction: No hike over the 4th, so I was WRONG.

Tuesday, July 12, 2016, 10:30PM:  It’s been nice as we haven’t had a hike in Michigan since the beginning of June.  But in Indiana the other day, prices below $2 were too low for Big Red, and they saw a hike.  Now, with wholesale prices creeping up the past several days, while retail prices drop, Michigan (and maybe the rest of the Midwest) is set up for a price hike by the end of the week.  Maybe $2.39?

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