Month: March 2017

March to leave like a lion?

Comment on the March 21 prediction:  No hike in a week, so CORRECT.

Monday, March 27, 2017, 7:30PM:  I’ll keep this short: uh, oh.  A bad report from Chicago tonight on CBOB prices, so we are set for a price hike on Tuesday.  $2.49 in Michigan?  -EA

You Know You Want To Go Lower, Mr. Gas Price

Comment on the March 11 prediction:  Prices did fall for a few days, and the situation apparently was different on Thursday morning, as we saw a reset, which didn’t fit my calculations.  So, I am going to say WRONG.

Tuesday, March 21, 2017, 3:30PM:  Prices want to go lower, but they are taking their sweet time.  There’s a lot of $2.26’s around today, and if today’s wholesale drop of 5 cent holds, we are looking at a 0-margin price of $2.13, if I’m doing things right, so we have room to fall.  It is hard to say at this time of year, as we switch to “summer gas”.  Nevertheless, I’m going with the prediction that we won’t see a hike for the rest of the week. -EA

Oil Prices Dropping, Gas Should Be Next

Comment on the February 26 prediction:  Prices rose in Michigan to $2.55 on the 28th, so the prediction was CORRECT.

Saturday, March 11, 2017, 8:00AM:  I am not smart enough to know why oil prices dropped 10% in the past week, but that does mean that we will be seeing lower gas prices this coming week.  Don’t be in a rush to fill up, as we should see prices drop below $2.20 in the next few days.  That usually happens first in Lowell and/or near 44th Street in GR.  The situation may look different Thursday morning, though. -EA

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