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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 [...]

1 comment Tuesday 09 Jun 2009 | Posted By Bill Eby | Predictions

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 [...]

4 comments Tuesday 05 May 2009 | Posted By Patrick | Predictions

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 [...]

2 comments Friday 13 Mar 2009 | Posted By Patrick | Predictions

…but please lower your prices until you need to buy that more expensive gasoline! Folks- that Chicago discount is drying up fast as the Winter blended fuel (RVP 11.5) is sold at an alarming rate. Summer gasoline that pollutes less but costs more to produce is starting to be produced (RVP 9.0) and will slowly [...]

2 comments Wednesday 31 Dec 2008 | Posted By Ed Aboufadel | Commentary

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 [...]

5 comments Tuesday 21 Oct 2008 | Posted By Ed Aboufadel | Commentary, Predictions

Tuesday, October 21, 2008, 9:20 AM:  The following question has been posed to me several times the past month:  On July 15, oil was at $145 a barrel, and gasoline cost $4.25 a gallon at the pump in Grand Rapids.  Last week, oil was $72 a barrel, and gasoline cost $2.96 a gallon.  If the [...]