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 [...]
Archive for the Tag 'profit'
Ouch! $2.29 across the Midwest with my benchmark station in Burns Harbor, Indiana skyrocketing overnight to $2.37/$2.49/$2.61! Wow! While the Midwest is suffering from regionally high gas prices, the higher prices should help funnel fuel from the South where refiners are thirsty for a better margin on fuel. I hadn’t made it official on TheGasGame, [...]
Looking at morning numbers briefly this morning before an interview on WOOD AM1300, I think I might have to announce that I’m expecting a price hike soon to $2.19! A quick look at closing prices on the market from late last week and yesterday:Thursday close $1.42Friday close $1.47Monday close $1.54 As you can see, wholesale [...]
In this post, I am going to address a different topic related to speculating about gas prices: Commodity-based ETF’s. Early this year, I was posting about the US Gasoline Fund ETF (ticker symbol: UGA). If you have a strong opinion about gas prices, you could use this ETF to make money. Except there are some [...]
A very unlikely situation (a good situation) has developed here in parts of the Midwest. I’ve noticed a trend that has resulted in much lower wholesale prices for the Chicago PAD District. Gasoline coming out of Chicago (which is most gasoline supplied to West Michigan), is currently DISCOUNTED nearly 30-cents from what it’s being traded [...]
Not very solid on this folks, maybe 50/50, but I think we’re awfully close to a “price restoration” in Speedway States to maybe $1.999. Like I said, I don’t feel as confident on calling this hike as I have on others, but I think that some stations dropped prices following the markets closing price on [...]