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7 comments Thursday 11 Jun 2009 | Posted By Ed Aboufadel | Predictions

Thursday, June 11, 2009, 1:15PM:  The extreme price jumps in the Chicago market continue to sort themselves out, and this report indicates that while NYMEX has been climbing (follow the UGA ETF for a quick read on that), Chicago wholesale prices have been falling.  So, using a $2.07 NYMEX/Chicago wholesale price, I calculate a range [...]

10 comments Wednesday 03 Jun 2009 | Posted By Bill Eby | Predictions

After yesterday’s spike up to $2.85 we saw the bottom completely drop out of the Chicago market, and wholesale gas jump 13 cents to $2.29.  This was for delivery to the Wolverine Pipeline, which covers the lower part of Michigan.  With Speedway jumping up to $2.85 before this climb, and the price being specifically set [...]

5 comments Tuesday 26 May 2009 | Posted By Ed Aboufadel | Commentary

Woe to us. Prices rose at random places on SATURDAY to $2.59, and today Speedway is making sure we understand with a system-wide re-set. The new price in Michigan is $2.69 a gallon.

5 comments Sunday 10 May 2009 | Posted By Ed Aboufadel | Commentary, Predictions

Sunday, May 10, 2009, 9:00 AM:  The stock market climbs 10% in two weeks, with bank and energy stocks soaring even more, and wholesale energy prices do the same.  Last week, NYMEX climbed by 19 cents a gallon, which led to the Tuesday price hike to $2.29 and the slow motion price hike this weekend [...]

0 comments Wednesday 06 May 2009 | Posted By Ed Aboufadel | Commentary

Wednesday, May 6, 2009, 7:30 AM:  Another price hike yesterday — to $2.29 — and it starting to feel a bit like the first half of 2008.  I write this because wholesale prices shot up 20 cents over the past week, so retail prices have followed, and we have our highest prices of the year.  [...]

2 comments Tuesday 05 May 2009 | Posted By Patrick | Predictions

Ouch! $2.29 across the Midwest with my benchmark station in Burns Harbor, Indiana skyrocketing overnight to $2.37/$2.49/$2.61! Wow! While the Midwest is suffering from regionally high gas prices, the higher prices should help funnel fuel from the South where refiners are thirsty for a better margin on fuel. I hadn’t made it official on TheGasGame, [...]