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Keep an eye on Speedway in the morning

0 comments Wednesday, 02-03-10 | Posted By Bill Eby | Predictions

It is possible we will see a spike up tomorrow. The spike line has been crossed in Indy, Indiana and Michigan. It is -2 cents in Indy, but less than a cent in Michigan. Only history should keep it from happening. Wednesday is not the big spike day, Thursday is. Speedway will usually keep an eye on the DOE report and see if that causes the market to change course.

Keep an eye on Speedway in the morning, and the market throughout the day. If Speedway does not go up, but the market does, expect a Thursday spike.

I smell a price hike coming

1 comment Wednesday, 02-03-10 | Posted By Ed Aboufadel | Predictions

Comment on the January 22 prediction: I think that prediction was WRONG. Stocks sold off, but we had prices rise to $2.65 in different parts of the region, although there wasn’t a complete price hike.

Tuesday, February 2, 2010, 11:15 PM: Wholesale prices dropped significantly late last week, as did the stock market, and retail prices have been following. But, wholesale jumps the past two days means a price hike is coming on Wednesday or Thursday, to the neighborhood of $2.69. — Ed Aboufadel

Weekly Report for 1/25-1/29/10

0 comments Tuesday, 02-02-10 | Posted By Bill Eby | News

I will start doing a weekly report on Fridays with the following information.

Spike possible in Michigan, Indiana, Ohio; definate in Indianapolis.

1 comment Tuesday, 01-26-10 | Posted By Bill Eby | Predictions

With today’s jump up in commodities prices, Indianapolis has crossed the spike line by over 7 cents. Indiana and Michigan’s prices have not fallen as much, and are still above the spike line, although for Indiana it’s not by much. I would watch for a spike in all states, however, as it has been a while. I expect a mild spike, with Indiana near $2.60-2.65, Michigan and NW Indiana should fall 5-10 cents higher, and Ohio should start to fall below Indiana.

No Fun in Standale — still $2.69 there

0 comments Friday, 01-22-10 | Posted By Ed Aboufadel | Predictions

Comment on the January 12 prediction: Prices have been slowly dropping since the 12th, so the prediction was CORRECT.

Friday, January 22, 2010, 3:30 PM: After traveling to California last week, this week I’ve been watching prices continue to drop slowly but surely around town. It is no fun along Lake Michigan Drive from Standale to I-196, though, as everyone has been stuck at $2.69 all week. Now, a bad week in the stock market has correlated with a bad week in the energy markets, and we are looking at 0-cent margin price below $2.50. So, I’m expecting price drops to continue over the weekend. Early next week, I think it is simple: if the stock market makes up some of its recent losses on Monday or Tuesday, wholesale prices will perk up enough for a price reset ($2.59?) If not, look out below!

No hike this week, but diesel is up

0 comments Tuesday, 01-12-10 | Posted By Ed Aboufadel | Predictions

Tuesday, January 12, 2010, 8:30 AM: After last week’s hike to $2.79, prices haven’t moved much either at the wholesale or retail level. I’m going to make use of the stock market/gas price correlation of the last few years, and with stocks looking to drop today (and, I’m guessing, the rest of the week), wholesale gas prices will too, and so will retail prices. So I predict lower prices through the weekend. In other news, I continue to track diesel prices, which is kind of boring so far. At the Speedway on Lake Michigan Drive, the price was $2.85 from mid-October until the last few days. Now it is $2.95. — Ed Aboufadel