Month: January 2019

Too Cold To Hike Prices? No.

Comment on Monday’s prediction: Kind of hard to raise prices in the Midwest, when no one is driving and buying gas. But tomorrow is Friday …

Thursday, January 31, 2019, 7PM: I’ve been watching oil prices rally all week, and then Midwestern wholesale gas prices, now Valero stock has gotten into the act, up a lot this week. Meanwhile, prices have dipped below $2 in a number of places, well below the 0-cent margin price. I recommend filling up Friday morning, predicting a price hike on Friday or Saturday (or best case Monday), in the neighborhood of $2.39. -EA

Blizzard Will Keep Prices Stable

Comment on the December 29 posting and most of January: We had hikes in Michigan on January 2, 9, and 22, each one a bit higher than before. So, the posting was basically CORRECT.

Monday, January 28, 2019, 11AM: A very snowy Monday in West Michigan, and I have a chance to get caught up on my Gas Game analysis after a brief hiatus. Since the first of the year, energy prices have rallied, following the stock market, and I expect these two will continue in tandem. This morning, for instance, both stocks and oil are down. My estimate of the 0-cent margin price this morning is $2.05, and in most places we are well above that, which suggests retail prices will continue to fall slowly. However, we have a gas war on W River Drive in Comstock Park. $1.86?! I’m going to consider that a weird outlier and stick with a prediction of no hike this week, except maybe in Comstock Park. -EA

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