First, an answer to the question I asked in the poll recently. The majority was right, as currently Michigan (9.4) and Indiana (8.9) are above 7.5 cents, while Ohio is at 6.5. Now, the next question. Is being in a Speedway state a good thing? You do get roller coaster rides of prices, with big [...]
Archive for the Tag 'prices fall'
We should see a spike tomorrow. We have seen prices fall rapidly to meet the wholesale, which spent the last two days going up. Indiana has crossed the spike line, and Michigan is close behind. The big question is the price. Currently in Indianapolis we have seen all Kroger stations go up to $2.69. I [...]
With the Chicago spot falling 25 cents since the 17th, and average prices falling only 13 cents, there is still plenty of room for stations to keep dropping their price. Margins are right around 12 cents, as well. We should be seeing a mid-$2.50 average by the end of the weekend, and some spots dropping [...]
I see the prices falling in the next couple days at least, since the Chicago spot has fallen 21 cents since Thursday. The supply problem in the Midwest seems to be easing, and we have seen prices fall in some areas. Since I have had a report that Indianapolis stations recorded a negative profit for [...]
With prices falling locally and wholesale prices remaining relatively flat, we’re close to a price hike. I am led to believe that odds are against a hike, but it’s very close. If you need gas and can find it on your next trip out for less than $2/gal, I would definitely fill up. I’m nearing [...]
Wednesday, December 31, 2008, 10:45 AM: I don’t have a good sense of what is in store the next week or so. Monday’s price hike was at first blush a bit surprising, but then you look at the numbers and the retail price was about the same as the 0-cent margin price, so that’s why [...]