Game Plan For Cinco De Mayo

Comment on March 27 and April:  The March 27 prediction was CORRECT, as we got a price hike.  I’ve been quiet during April, missing two price hikes.  For the second one on April 19, margins seemed high enough that we would avoid a hike.  But score me WRONG.

April 30, 2017, 12 Noon:  I’m not sure what that hike was about on April 19, but since then, wholesale prices have slipped by a dime.  As of today, we aren’t even close to price hike territory, with Michigan prices in the $2.40’s.  So, don’t be in a rush to fill up this week, unless you need to. -EA

Updated: April 30, 2017 — 11:53 am

4 Comments

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  1. There’s plenty of time for a Memorial Day reset. How many days does Big Red need, one or two?

    http://www.msn.com/en-us/money/markets/gas-prices-drop-unexpectedly-ahead-of-memorial-day/ar-BBAAizu

    GasBuddy’s senior petroleum analyst, Patrick DeHaan, noted:

    Gasoline prices appear to be taking a breather this week as refinery output, following spring maintenance, appears to be outstripping expected motorist demand. It’s unusual to see gas prices drop as the official kick-off to the summer driving season is just a few weeks away. Memorial Day weekend starts the peak gasoline consumption season across the United States.

  2. According to the article the three states with the largest price drop all just happen to be in Big Red country. Imagine that! Must have been a big spike a few days prior to the story hitting the net, catching prices on the downside.

    Nice to see Indiana’s average lower than it was last year during the first week in May. Hope prices don’t get too crazy over the summer

  3. still lots of 2.25+ prices NW ohio RT20 corridor today so healthy margin. few hot spots down below 2.20 and expect more to follow this weekend. All good at the moment

  4. Here in NW Indiana gasoline bumped up 30 cents/gal on Tuesday, May 2 from $2.099 to $2.399. Family Express led the charge.

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