Good bump in spot price today. The nearly 6 cent jump put Ohio and Indiana solidly below the Spike Line. Thinking a Good Friday spike is looking likely for Ohio and Indiana. Michigan is in better shape and may avoid a hike tomorrow. Tonight or tomorrow morning would be a good time to fill ‘er up or top it off. Best wishes to you all for a Happy Easter! Save travels to those of you on the road. – TS
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
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
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
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
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