Archive for the Tag 'rack prices'

A spike on the horizon?

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 [...]

Today in Oil

TheGasGame.com is proud to announce a new feature, “Today in Oil”. This page will be updated most weekday evenings to reflect the day’s closing prices. This will compliment gas price prediction and is available to everyone. Also check out our Refinery Status page! Weekly rack prices, in dollars ($USD) Detroit UNL Indnpls UNL Cleveland UNL [...]

Trading resumes on NYMEX for gasoline and oil. Prices dive!

EDIT: FOR LATEST UPDATES ON REFINERY DAMAGE/SHUTDOWNS, VISIT THE REFINERY STATUS PAGE NYMEX opened today at 10:30am, a break from when the exchange usually opens in the evening for electronic/international trading. At 2:00EDT, gasoline for October delivery was trading down 12-cents/gallon while oil fell below $100/bbl. I am researching and making calls today for possible [...]

First ever Saturday hike! Speedway to $4.19! $5 spotted in the South

EDIT: Speedway has just hiked for the first time EVER on a Saturday. They made the jump to $4.19! TheGasGame has independently confirmed gas prices of $4.99 in areas of Tennessee (all over!), a few stations in North Carolina, and Kentucky. We’ve also confirmed prices of $4.69 in Virginia, North Carolina, and Georgia. Also prices [...]

EDIT: Gas hike warning: $4.09+ in Michigan, Indiana, $3.99 in Ohio, Nationwide 10-30cents/gal

EDIT: 9:15pm EDT: With the blog becoming the focus across the nation tonight, I am doing my part… or trying. Here’s what everyone can expect for tomorrow and the days ahead: Prices will likely rise for tomorrow in MOST areas. Here in the Midwest, we can expect at least 20-30cent differentials between now and tomorrow [...]

West Michigan’s higher prices justified, the pain will continue…

First off: Read this post thoroughly if you want to find out WHY prices are justified. A brief thank you to Tom Kloza for taking the time out of his day (Publisher @ OPIS) to respond to a few questions I had. I now understand and can say that I know why Grand Rapids (and [...]

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