Archive for the Tag 'DOE'

In total agreement with Ed.

Sorry we haven’t posted on here for so long. It’s for a good reason, though… we haven’t had to. If prices aren’t going up, I usually won’t put a prediction here. But I do still update “Fair Price” threads on GasBuddy.com sites in Indy, Indiana, and Michigan daily. I might start posting something similar on [...]

The late summer tornado of price hikes is on!

… another price hike is on its way. Look for retail prices in the $2.72-$2.82 range Tuesday or Wednesday.

Spike possible tomorrow

If you haven’t already, do look at the previous post Ed put out about gouging in Michigan. These are good reads for those interested in the oil industry, too. Now, on to business. With a spike up in everything oil/gas/diesel, we are very ripe for a spike tomorrow. I’m putting it at about 65% possible. [...]

I’d hate to do this on my first post, but…

With wholesale gas prices going up again today, we are at near break even margins here in Indiana (with a little breathing room in Michigan).  Prices here in the PADD2 area are now putting us in the red when it comes to national prices on the GasBuddy color map.  Today it went up due to [...]

Hike tomorrow? Not sure, be on lookout

With prices falling locally and wholesale prices remaining relatively flat, we’re close to a price hike. I am led to believe that odds are against a hike, but it’s very close. If you need gas and can find it on your next trip out for less than $2/gal, I would definitely fill up. I’m nearing [...]

Futher hikes may be coming…

As Speedway raised prices to $1.999 this morning, oil was busy having a rally of it’s own. The active April contract hit just shy of $50/bbl today, and tomorrow’s Department of Energy report may result in an extended oil rally (meaning higher gasoline prices). The DOE report tomorrow is setting the stage for $50 oil. [...]

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