Archive for the 'Commentary' Category

These weekend prices hikes are making it difficult to play

Comment on the April 6 prediction:  Technically, I was WRONG.  Some stations reset to $3.89 the next day, but the hike to $3.99 didn’t arrive until Monday the 11th. Sunday, April 17, 2011, 3:00PM:  A price re-set has spread around the area this weekend, with the retail price back to $3.99.  This is consistent with [...]

$3.89 on a Sunday.

Sunday, April 3, 2011, 2:25 PM:  I’ve been awoken from a thundersnow-induced nap with e-mails alerting me to an unprecedented Sunday price hike to $3.89 a gallon.  I was afraid $3.89 was coming when I updated my spreadsheet last night, but I didn’t have the energy for a post.  Here’s what is going on — [...]

Raise your hand if you want fewer gas stations, and what’s the deal on Cascade Road?

Comment on Tuesday’s prediction:  Prices rose on Thursday, but just to $3.65, not $3.75.  I am going to score it as 3/4 CORRECT, 1/4 WRONG. Saturday, March 26, 7:30PM:  I just saw Butler go back to the Final Four, and I’ve been thinking about this recent article in the GR Press concerning why retail gas [...]

Another hike coming up? Or not? Who’s getting rich?

Saturday, February 26, 5:45PM:  Wholesale gas prices shot up 25 cents the past week, leading to two price hikes and a current retail price of $3.45.  I can’t predict what is going to happen this coming week.  The other day, rumors that Libya’s Gadhafi was dead caused market prices to temporarily drop, which is just [...]

The trend is your friend (if you are long gas and oil)

Comment on the February 13 posting:  Prices hiked on Tuesday the 15th, and again yesterday.  CORRECT, sadly. Wednesday, February 23, 2011, 12:30PM:  When I see headlines in USA Today predicting $5 gas, and screaming on the Internet that the price of oil is about to double, I want to say, “Let’s take a deep breath.”  [...]

Sometimes there is no prediction to be made

Comment on the January 25 prediction:  I was WRONG big time, as prices hiked again to $3.19 on Thursday. Monday, January 31, 2011, 3:25PM:  As you may know, the tensions the past few days in the Middle East are pushing energy prices higher, and now we are in Blizzard Media Panic mode.  Right now, gas [...]

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