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0 comments Sunday 08 Nov 2009 | Posted By Patrick | Predictions

United States Fuel Terminals
United States Refineries

0 comments Wednesday 21 Oct 2009 | Posted By Bill Eby | Predictions

Chicago Spot: $2.11 UP 0.0616
Fair price adjustment: 0.7948
Fair Price: 2.7662
Average selling price 2.7150
Margin over cost + profit: -0.0512
We are in dangerous territory. The commodities market is up yet again, this time on a weak dollar. Fair price is at break even, which can mean a spike is close at hand. But, we have already had a [...]

2 comments Monday 19 Oct 2009 | Posted By Bill Eby | Predictions

Chicago Spot: $2.03 UP 0.0079
Fair price adjustment: 0.7914
Michigan Fair Price: 2.6792
Michigan Average selling price 2.5970
Margin over cost + profit: -0.0822
The dam has gotta break sometime. Gas usually falls at least 2 cents on non-spike days, but over the weekend it didn’t budge, or only went down a couple cents, depending on where you live. The [...]

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 possible that the run-up on the markets won’t transfer over to your local rack prices, but I’m 90% [...]

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 fill up tonight or [...]

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 with 5 cents taken out [...]