Hi there everyone, hope you’ve all filled up for under $2.20 in the
past few days, because I’m not totally sure if we’ll get a hike soon.
While the DOE report this Wednesday was kind of poor, I noted that
there was a large build of gasoline into the Midwest PADD district.
Early last week the Midwest PADD had 49.4 million barrels of finished
gasoline, and last Wednesday that number jumped to 52.5 million
barrels, which most likely changed the Chicago Premium to a “Chicago
Discount” which is why we haven’t seen prices go up. I estimate this
“discount” to currently be around the 3-7 cents per gallon area.
Wholesale prices, which were up to nearly 1.70, are back down to
1.60, which also has helped prices remain on the down side.
This is a tough call to make because many stations are hovering
around the 15 cent profit margin, which would not yet call for a
hike. Some stations are as low as 2.13, and they are making nothing
or losing money. What to call for? There is a huge spread in prices,
2.13-2.36. We could see a universal reset to 2.25-2.29, but I’m not
100%. I filled up for 2.08 (2.19 plus 5% discount!) at the BP on Port
Sheldon and 28th last night, and I’d suggest finding a cheaper station
and filling ‘er up.
On more of a personal note, after a long weekend including my Olds
brakes going out, having it towed, having it towed to the wrong shop,
and finally 5 hours after being on the phone getting it to the right
place, they said it’d be $1600 to fix it. Its a 91 Cutlass Ciera, not
worthy of fixing with 180,000 miles. Does anyone have a reliable
vehicle or know someone with a reliable vehicle for sale for under
$1500 (preferrably under $750)? I need something for just the winter,
so it’d need heat, and obviously I don’t want to buy a car that needs
work or is close to needing work. I’d really appreciate anyone
helping me out in that matter. Year and mileage don’t matter too