Archive for the Tag 'margin'

A weak dollar puts us in another pickle

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. [...]

Gas, Oil on the up and up (and up, and up…)

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 [...]

A spike on the horizon?

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 [...]

Prices will rise again.

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 [...]

Gas prices to go up over weekend/early next week

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 [...]

Back from vacation, and looking for $2.59.

Comment on the August 3 prediction: Prices rose to $2.69 the next day, slightly below the $2.72-$2.82 range I predicted. But, I’ll call it CORRECT regardless. Tuesday, August 18, 2009, 4:20PM: I spent last week near Cheboygan. Prices were frozen at $2.69 up there all week, while the games continued in Grand Rapids. Let’s see [...]

Next Page »

The Gas Game, Copyright ©2002-2010.

The Gas Game is in no way affiliated, related to, or endorsed by any oil, gasoline, or energy company.

Material is used under Title 17 Chapter 1 Section 107 (Limitations on exclusive rights: Fair use) U.S. Code. Use of material is done on a fair use basis and without intent to compete with, or take advantage of any company or its trademarks.

Special thanks and appreciation to GasBuddy, BlogBurst, and FeedBurner. You guys rock!