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0 comments Wednesday 21 Oct 2009 | Posted By Bill Eby | Predictions

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. But, we have already had a [...]

2 comments Monday 19 Oct 2009 | Posted By Bill Eby | Predictions

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 on where you live. The [...]

4 comments Wednesday 30 Sep 2009 | Posted By Bill Eby | Predictions

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 possible that the run-up on the markets won’t transfer over to your local rack prices, but I’m 90% [...]

0 comments Wednesday 16 Sep 2009 | Posted By Bill Eby | Predictions

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 fill up tonight or [...]

5 comments Friday 28 Aug 2009 | Posted By Bill Eby | Predictions

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 with 5 cents taken out [...]

1 comment Monday 29 Jun 2009 | Posted By Bill Eby | Predictions

If you haven’t already, do look at the previous post Ed put out about gouging in Michigan. These are good reads for those interested in the oil industry, too.
Now, on to business. With a spike up in everything oil/gas/diesel, we are very ripe for a spike tomorrow. I’m putting it at about [...]