Category: Commentary

March to leave like a lion?

Comment on the March 21 prediction:  No hike in a week, so CORRECT.

Monday, March 27, 2017, 7:30PM:  I’ll keep this short: uh, oh.  A bad report from Chicago tonight on CBOB prices, so we are set for a price hike on Tuesday.  $2.49 in Michigan?  -EA

You Know You Want To Go Lower, Mr. Gas Price

Comment on the March 11 prediction:  Prices did fall for a few days, and the situation apparently was different on Thursday morning, as we saw a reset, which didn’t fit my calculations.  So, I am going to say WRONG.

Tuesday, March 21, 2017, 3:30PM:  Prices want to go lower, but they are taking their sweet time.  There’s a lot of $2.26’s around today, and if today’s wholesale drop of 5 cent holds, we are looking at a 0-margin price of $2.13, if I’m doing things right, so we have room to fall.  It is hard to say at this time of year, as we switch to “summer gas”.  Nevertheless, I’m going with the prediction that we won’t see a hike for the rest of the week. -EA

Oil Prices Dropping, Gas Should Be Next

Comment on the February 26 prediction:  Prices rose in Michigan to $2.55 on the 28th, so the prediction was CORRECT.

Saturday, March 11, 2017, 8:00AM:  I am not smart enough to know why oil prices dropped 10% in the past week, but that does mean that we will be seeing lower gas prices this coming week.  Don’t be in a rush to fill up, as we should see prices drop below $2.20 in the next few days.  That usually happens first in Lowell and/or near 44th Street in GR.  The situation may look different Thursday morning, though. -EA

March To Come In Like A Lion?

Comment on the February 8 prediction:  That’s exactly what happened, so CORRECT.  Was not engaged when we got the reset to $2.39 again on President’s Day.

Sunday, February 26, 2016, 7:30PM:  There are two signs that we’ll see some gas price fireworks this week.  First, despite the jump last Monday, many stations in the Grand Rapids are have already given most of it back, while wholesale prices were flat last week.  Second, I find these future month quotes for RBOB worrisome, hinting at higher prices in March.  Either way, I would fill up on Monday if I could. -EA

Blame It On Ethanol

Comment on the January 30 prediction:  Pretty much correct, as pries rose the next day, but only to $2.29

Wednesday, February 8, 2016, 8:00PM:  Feels like we have backed into price-hike territory.  Wholesale prices haven’t done much lately, but ethanol has been climbing, while retail prices have fallen enough that I think we are about at the 0-cent margin price.  I’ll fill up Thursday morning for $2.19, and then expect prices to rise to $2.39. –EA

Garden Variety Hike Coming Soon

Comment on the January 17 prediction:  No hikes since then, so it was CORRECT.

Monday, January 30, 2017, 12:30PM:  Usually we see gas prices moving up in January, but here in the Grand Rapids area, we’ve seen drip-drip-drip down of prices since the first of the year.  A big contributor has been a 30-cent drop in wholesale prices since January 1.  But those prices have stabilized, and the retail prices have fallen enough that we are heading into price-reset territory.  We already have scattered reports of hikes in Indiana and Ohio today, and I think you can count on Michigan following suit by Wednesday.  Maybe $2.39? — Ed A. (c) 2017 Frontier Theme