The Gas Game Welcome Guest | Login or Register

0 comments Wednesday 21 Oct 2009 | Posted By Bill | 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. [...]

2 comments Monday 19 Oct 2009 | Posted By Bill | 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 [...]

4 comments Wednesday 30 Sep 2009 | Posted By Bill | 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 [...]

0 comments Wednesday 16 Sep 2009 | Posted By Bill | 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 [...]

5 comments Friday 28 Aug 2009 | Posted By Bill | 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 [...]

1 comment Monday 29 Jun 2009 | Posted By Bill | 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 65% possible. [...]