Month: October 2017

Gas Prices: Spooky Halloween Witchcraft

Comment on the October 24 prediction: A weird WRONG as gas prices did not jump in Michigan. More in the new prediction …

Sunday, October 29, 2017, 6:00PM: Regular readers know that along with my commentary on west Michigan gas prices, I keep an eye on Fort Wayne, Indiana prices, since that is where I graduated from high school. Typically, when prices jump in Michigan, it is a day or two later that a similar hike occurs in Fort Wayne. So, I was rather puzzled that my prediction last Tuesday worked for the Hoosier state, with prices rising there to $2.69, while a similar hike did not occur in Michigan. Adding to the puzzlement is that oil prices continued their slow-but-steady climb the past week, and we have a report on Friday of “a sustained gasoline supply shortage in the Midwest”. With my spreadsheet screaming that we are in price-hike territory still, what else can I say except fill up Monday morning and expect something like $2.75. -EA

What a Month: Stocks Up, Oil Up, Gas Up, Time to Fill Up!

Comment on the September 21 prediction: Nah, we didn’t get a hike until the following week, so WRONG.

Tuesday, October 24, 2017, 9:30PM: Wow, it has been a month since my last posting. I guess I have been busy. So has energy prices, with oil up more than 5% in a month, and gas prices have followed. With the latest rally for Chicago gas today, perhaps motivated by the latest in the blow-off stock rally, we are back in price hike territory already, with a hike probable for Wednesday or Thursday. Looks like $2.69 or $2.75, depending on Big Red’s mood when he gets out of bed. -EA (c) 2017 Frontier Theme