Month: November 2017

Happy Thanksgiving?

Comment on the November 1 prediction: Well, that was WRONG, as prices didn’t rise in Michigan until a week later. Weird, given the hike in Indiana.

Tuesday, November 21, 2017, 7:00PM: After three hike days in October, it has been a quiet November with only one hike day so far. The Midwest shortages seem to have sorted themselves out, and wholesale prices have been dropping steadily since the beginning of the month. I would say that I’m not seeing a hike on the horizon, except that gas is $2.20 in Sparta this evening, $2.33 in Cedar Springs, and $2.35 in Wyoming, all below the 0-cent margin price I calculate. So, they could try to reset across the board to $2.59 on Wednesday, or Big Red might give us a Thanksgiving treat. No prediction at this point, but keep an eye out if a hike emerges tomorrow morning. – EA

It’s Crazy in Chicago Right Now

Comment on the October 29 prediction: Pretty much CORRECT, as prices rose to $2.69 on Monday.

Wednesday, November 1, 2017, 9:30PM: Wholesale prices in the Midwest are a runaway train this week, and we’ve already seen a jump in Indiana today. Michigan should see prices rise on Thursday, somewhere in the $2.79-$2.99 range. What is going on? A huuuge growing mess of shortages, according to Reuters, and no obvious relief in site. Fill up again! -EA

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