Month: March 2018

Out Like A Lion?

Wednesday, March 28, 2018, 8:00PM: Prices are rising in parts of Indiana right now, to $2.79. Although we aren’t quite in “price hike range” in Michigan, they have been aggressive recently, so I think we’ve got a better than 50/50 chance of a hike to $2.89 on Thursday or Friday. I’m going to fill up on Thursday, just in case. -EA

You Snooze, You Lose

Comment on the March 6 prediction: CORRECT, as prices rose to $2.69. But, I didn’t get around on Friday to post a prediction on yesterday’s hike.

Sunday, March 18, 2018, 10:0AM: Here’s my story from yesterday. When I updated my spreadsheet on Thursday night, the numbers from Chicago were up “due to futures expiration and rollover”, but I thought the quote might have had a typo. I waited until Saturday morning to get the Friday quote, and I saw the jump in wholesale prices was not a typo, but since it was early Saturday, I figured we were set until Monday. In fact, I set a reminder to write a Gas Game prediction on Sunday morning. But, then $2.69’s started appearing on the Speedway site by 11AM on Saturday, and soon after, Gasbuddy sent out a notification via their app. Later in the day, I was driving through Lowell and saw that the old Admirals were still at $2.41, even though the rest of the stations were at $2.69, but I didn’t have time to stop and top off the tank. So, thanks, Big Red, for not waiting until Monday.

Looking back, since last July, oil has been slowly-but-surely moving up from $45 a barrel to $60, while the move in the gas has been more muted, from the $2.40’s when it spikes to $2.69. I think we’ve actually had a break on gas prices, given what has been happening in oil. I’m still wondering if $3 a gallon is to be expected this spring. -EA

Creeping Higher

Comment on the February 19 prediction: Prices rose as predicted. CORRECT!

Tuesday, March 6, 2018, 3:00PM: Oil and gas wholesale prices have been creeping higher for the past few weeks, and we are heading back into price-hike territory. I am filling up tomorrow morning, planning to find gas below $2.40, before we see a hike this week, back to $2.65 or higher. ‘Nuff said!  -EA (c) 2017 Frontier Theme