Month: February 2017

March To Come In Like A Lion?

Comment on the February 8 prediction:  That’s exactly what happened, so CORRECT.  Was not engaged when we got the reset to $2.39 again on President’s Day.

Sunday, February 26, 2016, 7:30PM:  There are two signs that we’ll see some gas price fireworks this week.  First, despite the jump last Monday, many stations in the Grand Rapids are have already given most of it back, while wholesale prices were flat last week.  Second, I find these future month quotes for RBOB worrisome, hinting at higher prices in March.  Either way, I would fill up on Monday if I could. -EA

Blame It On Ethanol

Comment on the January 30 prediction:  Pretty much correct, as pries rose the next day, but only to $2.29

Wednesday, February 8, 2016, 8:00PM:  Feels like we have backed into price-hike territory.  Wholesale prices haven’t done much lately, but ethanol has been climbing, while retail prices have fallen enough that I think we are about at the 0-cent margin price.  I’ll fill up Thursday morning for $2.19, and then expect prices to rise to $2.39. –EA (c) 2017 Frontier Theme