Sunday, January 21, 2018, 2:00PM: This looks like a good week to play the Gas Game. Since prices rose to $2.79 on the 10th, they have been creeping lower in western Michigan, and a typical price right now is about $2.60. Meanwhile, wholesale prices have been moving slightly higher, although they dropped on Friday. That puts the 0-cent margin price at 12 cents in my calculations, and the past few months, 7 cents was the trigger for a hike. So, I predict a price reset this week (looks like $2.79 or higher), but it isn’t clear when. Probably not Monday, though. We will have to play the Game and be prepared to act if we see Big Red moving prices up.
In other news, I was in Lowell last night and saw the Admiral stations are now co-branded with Marathon. Seeing how Admiral has been a key player in bringing prices down after hikes, this is probably not good news for Gas Gamers. -EA