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1 comment Thursday 15 Oct 2009 | Posted By Bill Eby | Predictions

I meant to post this last night, but I got called away for diaper duty, and then bedtime. My apologies. There was no DOE report yesterday because of the Columbus Day holiday. So will Speedway treat today as a Thursday or a Wednesday? If it is a Wednesday, they may wait for the DOE report [...]

4 comments Wednesday 30 Sep 2009 | Posted By Bill Eby | Predictions

Chicago spot gasoline: Chicago Spot: $1.78 UP 0.0978 Costs and taxes adjustment: 0.7772 Fair Price: 2.4082 Average Michigan selling price 2.3820 Margin over cost + profit: -0.0262 USA Average: $2.479 Michigan average ( $2.382 ) is $0.097 under USA average A spike is looming, with a negative margin in my fair price formula. It’s quite [...]

4 comments Wednesday 30 Sep 2009 | Posted By Bill Eby | Commentary

Recently I came upon an article that stated Speedway was ranked the number one gas brand for the fifth quarter in a row. It is a part of a multi-brand survey put out by Harris Interactive as the EquiTrend Brand Survey. In the survey they ask people about different brands in different categories like favorite [...]

0 comments Wednesday 16 Sep 2009 | Posted By Bill Eby | Predictions

Chicago spot gasoline: Michigan Fair price: ( $1.8608 +$0.6367 ) = $2.4975 Average selling price – fair price: ( $2.487 – $2.4975 )= Margin over cost + profit: -$0.0105 Wholesale is up again, almost 9 cents in the last two days. Margins have dried up to almost nothing/negative numbers. If you are needing gas, I’d [...]

5 comments Friday 28 Aug 2009 | Posted By Bill Eby | Predictions

The stat line goes like this: Fair price: ( $1.9374+$0.6413 ) = $2.5787 Average selling price – fair price: ($2.537-$2.5787)= Margin over cost + profit: -$0.0417 In other words, for Michigan, you are selling at more than a negative 4 cent margin by my numbers. In Indiana that is more than 6 cents, and that’s [...]

4 comments Tuesday 18 Aug 2009 | Posted By Bill Eby | Predictions

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 [...]