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0 comments Monday 27 Jul 2009 | Posted By Bill Eby | Predictions

I hate times like this. I am 50-50 on whether we get a spike tomorrow. I’m torn between near break even margins (at least if you are looking at the fact that Indiana wholesale adjusted should be lower than the spot price by about 5-10 cents still) and the fact that we had two spikes [...]

4 comments Wednesday 22 Jul 2009 | Posted By Bill Eby | Predictions

The numbers suggest (with Indiana at -3 cents margin and Michigan holding on at 1.8 cents margin) a spike is possible tomorrow. History shows, however, that two spikes in a week are really rare. With margins this close to break even, that makes the likelihood that a spike will happen to be very low. If [...]

1 comment Monday 29 Jun 2009 | Posted By Bill Eby | Predictions

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. [...]

0 comments Friday 26 Jun 2009 | Posted By Bill Eby | Predictions

With the Chicago spot falling 25 cents since the 17th, and average prices falling only 13 cents, there is still plenty of room for stations to keep dropping their price. Margins are right around 12 cents, as well. We should be seeing a mid-$2.50 average by the end of the weekend, and some spots dropping [...]

1 comment Tuesday 23 Jun 2009 | Posted By Bill Eby | Predictions

With almost 24 cents between average selling price and a fair price based on the Chicago spot price, gas has nowhere to go but down right now. If you don’t have to fill up, hold off until prices do go down. Right now $2.50s aren’t out of the question, and are already being seen in [...]

3 comments Wednesday 17 Jun 2009 | Posted By Bill Eby | Predictions

Yesterday the Chicago spot bounded up to $2.12, sparking the belief in me that Speedway should spike up in all states it was in. Today the Chicago spot dropped back down to $2.07. This puts us in a very tricky area. Michigan is well above the spike threshold, about 4 cents. Indiana on the other [...]