Recently there was an article and news story on WCPO in Cincinnati about Speedway. In it they said a lot of things TheGasGame readers would already know, plus something I found interesting at first, and one outright falsehood. They come right out of the gate letting us know Speedway’s secret: Real estate. “We wanted to [...]
Archive for the Tag 'PADD'
With wholesale gas prices going up again today, we are at near break even margins here in Indiana (with a little breathing room in Michigan). Prices here in the PADD2 area are now putting us in the red when it comes to national prices on the GasBuddy color map. Today it went up due to [...]
As I said earlier today, gasoline prices are likely to jump across all Speedway States as soon as tomorrow to $1.99 or even higher. I’ll follow up and let you know what’s going on. As you may know, Midwest prices have been seen as low as $1.59, much lower than the national average today of [...]
That’s right- you folks with the diesel trucks may FINALLY get to see diesel under $2 again, something maybe you thought (and I) that you wouldn’t see again in your lifetime! The Pilot station in Burns Harbor, Indiana (about a 1.5-2 hour drive from Grand Rapids) is currently selling diesel at $2.01. Now, you definitely [...]
Whiting refinery maintenance, possible refinery worker strike… possible outcome? Record high gas prices!
Bad news tonight for consumers, although I personally believe that some issues will be addresssed and corrected before disaster hits. Without wasting time, let me cover the issues. First, we have a number of refineries reporting being completely shut down tonight, including a 245,000bpd refinery in Texas and a 108,000bpd refinery in Washington. We also have some [...]
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 [...]