Price rehike likely for Friday Morning for Speedway States!

Fill’er up tonight! After a 7-cent drop yesterday on the market, prices have *already* shot right back up to what they were at the market open on Wednesday. $4.15 has been a popular re-hike amount lately, but I expect between $4.19-$4.25 tomorrow in Michigan depending on today’s final numbers. Since Midwest PADD dropped significantly this week, I think we might start having a little bit of a Chicago Premium to add, thus the $4.19-$4.25. Other states such as Indiana and Ohio may be a few cents less.

The DOE report yesterday was good for the most part, oil inventories posted a surprising gain, gasoline inventories rose if you exclude a drop in blending components, but Midwest PADD suffered and dropped 2 million barrels.

So, back to the re-hike discussion! A hike is likely, although not imminent, and may not happen yet tomorrow, BUT with prices under $4 happening, they are NOT likely to get ANY cheaper, so find a station under $4 and fill up tonight!

(I got gas for $3.93 yesterday!)

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