Category: Predictions

Not Quite Three Yet

Comment on the April 9 posting: Prices rose on April 11 to $2.85. CORRECT!

Wednesday, April 18, 2018, 7:00PM: Oil prices keep dancing higher, closing tonight over $68 a barrel, the highest in two years. So, wholesale gas prices follow, and we are back in price hike territory. A price reset to $2.99 would get margins back to where they usually are after a hike, but I wonder if they’ll do something like $2.95 to be less dramatic and keep the media away. Should I start practicing typing $3+ for May? -EA

It’s One of Those Weeks

Comment on the March 28 posting: Prices rose to just $2.83, and on Saturday, as Big Red was trolling me. Have to mark that one as WRONG.

Monday, April 9, 2018, 8:00PM: Wholesale prices out of Chicago are up again, and we are back in price hike territory. Since this is only Monday, I’m sure we are going to see a hike this week, maybe as soon as Tuesday. At least back to $2.83, but probably higher. Fill up! -EA

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

Go to Lowell. Buy gas for $2.20. Win the Gas Game!

Comment on the February 11 prediction: Prices dropped slowly but surely last week, so CORRECT.

Monday, February 19, 2018, 8:30PM: I would fill up tomorrow morning. We’ve seen retail prices continue to drop, while wholesale prices have started climbing again in tandem with the last week’s recovery in the stock market. Seems we are at the price hike point. I predict at least $2.59 a gallon in the next day or two. ($2.20 in Lowell this evening!) -EA

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