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 [...]
Archive for the Tag 'Ohio'
Michigan saw a price increase before the weekend to $2.75, but Indiana and Ohio stayed in the $2.60s. As we start the week, wholesale again went up. Indiana and Ohio are either operating on negative margins, or they are getting help from non-Chicago areas like the Group 3 or Gulf Coast, which are 20 cents [...]
After the expected Speedway hike to $1.99 Tuesday, we can expect a break in gas price hikes as the DOE released a favorable report on weekly oil inventories today. The report on oil and gasoline stockpiles contained some very good (bearish) news for the markets. It was expected that oil inventories were to gain 800,000 [...]
Tonight as I step back and look at local prices, I see how high we are compared to several locales. We even sit higher on a regional level- Ohio is paying just $1.98 in areas! Having set the stage, how would you feel knowing oil prices have slid if gasoline prices stayed at their [...]
A Speedway gas station in Fairfield, Ohio is reporting gas prices at $1.99 tonight! Is Grand Rapids headed there? There is a remote chance… today’s COST is roughly $2.28 to stations, so we still have a lot of room to fall, and I expect local prices here to decline. However, I am worried that [...]