…but please lower your prices until you need to buy that more expensive gasoline! Folks- that Chicago discount is drying up fast as the Winter blended fuel (RVP 11.5) is sold at an alarming rate. Summer gasoline that pollutes less but costs more to produce is starting to be produced (RVP 9.0) and will slowly [...]
Archive for the Tag 'gasoline'
A very unlikely situation (a good situation) has developed here in parts of the Midwest. I’ve noticed a trend that has resulted in much lower wholesale prices for the Chicago PAD District. Gasoline coming out of Chicago (which is most gasoline supplied to West Michigan), is currently DISCOUNTED nearly 30-cents from what it’s being traded [...]
Not very solid on this folks, maybe 50/50, but I think we’re awfully close to a “price restoration” in Speedway States to maybe $1.999. Like I said, I don’t feel as confident on calling this hike as I have on others, but I think that some stations dropped prices following the markets closing price on [...]
After a wild week last week, we should settle down. Markets were down overnight on renewed fears that the economy won’t heat up for years and that the DOW will drop below 7,000 for the first time in over a decade. These fears are causing oil and gasoline contracts to trade lower this morning, leading [...]
That’s right, I expect another good jump in gas prices, as soon as tomorrow (Friday) in many Speedway States. Speedway did not raise as high as anticipated resulting in a higher risk of a price hike sooner, and the wholesale market was up a large amount today. Wholesale spot prices from Chicago rose 13-cents today [...]
As I said earlier today, gasoline prices are likely to jump across all Speedway States as soon as tomorrow to $1.99 or even higher. I’ll follow up and let you know what’s going on. As you may know, Midwest prices have been seen as low as $1.59, much lower than the national average today of [...]