Higher Tariffs, Lower Gas Prices

Comment on the July 22 prediction: Absolutely CORRECT, as prices rose to $2.89 in Michigan on 7/24.

Sunday, August 11, 2019, 7:00PM: We’ve been enjoying declining prices, after the latest in Trump’s China Tariffs “War” sparked a decline in stocks and energy (and soaring gold prices). But, the decline stabilized at the end of last week. Using a Chicago CBOB price of $1.67 a gallon leads to an RBOB estimate of $1.71 and a price hike trigger of $2.33 or so. We are below that price in a variety of places in west Michigan, setting up a hike this week — $2.65? Maybe less than that. -EA

Updated: August 11, 2019 — 6:47 pm

11 Comments

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  1. NW ohio prices ranging from 2.45-2.85 still. lots of 2.65-2.69 around. so still a decent 40c margin in most places like most of the summer- wont stop Speedway from pushing prices back above 2.80 soon I am sure

  2. Gas is going up to $2.75 in Michigan today

  3. $2.89 as expected in Chicagoland. Some Speedways were down to $2.48. Some others down to $2.21!

  4. $2.89, right on schedule in Chicagoland.

  5. Guess I’m filling up for $2.20 this afternoon in sw Ohio

  6. looks like 2.75 is the new goin price folks,. get it while you can,,…

  7. Topped up at Sam’s at 2.229 after I saw the nearby UDF spike to $2.859. This morning that same UDF is already 10 cents lower. Not boding well for this spike.

  8. Indy area going up to $2.659.

  9. South Bend IN & Niles MI also going to $2.65 today. Speedway by ND was $2.44.
    Costco & Niles WMT $2.27

  10. With the slide today, putting it around $1.20 over wholesale at $2.65-2.69? Well, at least someone is making money right now…

  11. Precision gas pricing!

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