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2 comments Wednesday 15 Apr 2009 | Posted By Patrick | Predictions

With prices falling locally and wholesale prices remaining relatively flat, we’re close to a price hike. I am led to believe that odds are against a hike, but it’s very close. If you need gas and can find it on your next trip out for less than $2/gal, I would definitely fill up. I’m nearing [...]

1 comment Friday 20 Mar 2009 | Posted By Ed Aboufadel | Predictions

It is 7AM, and I am updating my spreadsheets.  We could see a hike today to $2.09 or $2.19, because wholesale prices went up yesterday.  Just be prepared.

0 comments Tuesday 17 Mar 2009 | Posted By Patrick | Predictions

As Speedway raised prices to $1.999 this morning, oil was busy having a rally of it’s own. The active April contract hit just shy of $50/bbl today, and tomorrow’s Department of Energy report may result in an extended oil rally (meaning higher gasoline prices). The DOE report tomorrow is setting the stage for $50 oil. [...]

0 comments Saturday 14 Mar 2009 | Posted By Ed Aboufadel | Predictions

Saturday, March 14, 2009, 3:00 PM:  Since the March 5 hike to $2.05, NYMEX and AXXIS numbers have bounced around but are basically where they were at on that day.  Patrick is reporting that wholesale prices around Chicago have been pretty volatile down and back up, and that would explain $1.73 in Fort Wayne and [...]

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 [...]

7 comments Tuesday 10 Mar 2009 | Posted By Patrick | Predictions

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 [...]