The Gas Game Welcome Guest | Login or Register

Falling prices this week

0 comments Tuesday, 05-11-10 | Posted By Ed Aboufadel | Predictions

Comment on the April 25 prediction: Technically WRONG, since prices didn’t rise until Tuesday, and then only to $2.99.

Tuesday, May 11, 2010, 7:30AM: Lots of weirdness on Wall Street lately, and one nice consequence for drivers is that energy prices fell 10% last week, including a 25-cent drop in wholesale gas prices. That drop is working its way to retail prices, slowly in some places ($2.96 on Lake Michigan Drive), more quickly in other places ($2.77 on 44th Street in Kentwood). I don’t see any price hike on the horizon, and you should pay less than $2.80 for your next fill-up. — Ed Aboufadel

Here comes the spike again.

0 comments Monday, 04-26-10 | Posted By Bill Eby | Predictions

The markets closed lower (except for Chicago RBOB, now at 14 cents premium to regular). The difference between Chicago rack and other areas shrunk, bringing down the rack adjustment across the board, too. Prices fell in all areas over the weekend.

All areas are in Spike territory, as well. Being a Tuesday, it’s highly likely we will see all areas spike. Indiana could see $2.89-2.95. Michigan could see $2.95-2.99. Ohio should fall to $2.85-2.89. NW Indiana could break the $3 barrier, and be 10-15 cents above Indiana. Top off tonight for insurance. –BE

Will gas prices rise over $3 on Monday?

0 comments Sunday, 04-25-10 | Posted By Ed Aboufadel | Predictions

Sunday, April 25, 2010, 9:25 AM: I expect that stock market/gas prices correlation that we have been talking about for several years now to continue this week. Stocks rose slowly but surely the past week, and the S&P is at a new high for the year. Wholesale prices did the same, and we are set up for a price hike on Monday. The only mystery to me is whether they break $3 or not. I would not be surprised by any price $3.09 or lower. — Ed Aboufadel

Not much going on in Gas Price Land

0 comments Wednesday, 04-21-10 | Posted By Ed Aboufadel | Commentary

Comment on the April 5 prediction: On April 6, prices rose to $2.95, so the prediction was CORRECT.

Wednesday, April 21, 2010, 1:00 PM: Since the last price hike, wholesale and retail prices have been pretty stable, so there hasn’t been much to comment on. We still have some $2.95′s in town from the April 6 hike, and in Lowell, prices are down $2.76. Price hikes in 2010 have re-set to prices below my 20-cent margin calculation, which tells me that the retailers, particularly Big Red, are doing all they can to keep prices under $3 a gallon. Looking ahead the next several days, there’s nothing obvious to predict. If we get a re-set, it will be in the $2.95-$2.99 range I believe, but I don’t know if we will get one. — Ed Aboufadel

Indiana. Welcome to, This Is Your Spike!

0 comments Monday, 04-12-10 | Posted By Bill Eby | Predictions

It’s looking like the Spike Line has caught up to Indiana. It is very likely they will get a spike, probably to $2.89, and $2.99 in the NW counties. Michigan and Ohio had a spike last week, and they look like they will skate by without a spike.

Stocks up? Check. Oil up? Check. So next up are gas prices!

1 comment Monday, 04-05-10 | Posted By Ed Aboufadel | Predictions

Monday, April 5, 2010, 8:30PM: Stock market keeps creeping higher, as do oil prices, and therefore wholesale gas prices. As I posted on March 26, I think we’re going to see $2.99, maybe Tuesday. Wholesale prices are at least a dime higher since the hike to $2.85, so we might just get $2.95 instead of $2.99. Either way, fill your tanks! — Ed Aboufadel