Let me reiterate my target again for May and June as prices climb to $2.29

Ouch! $2.29 across the Midwest with my benchmark station in Burns Harbor, Indiana skyrocketing overnight to $2.37/$2.49/$2.61! Wow! While the Midwest is suffering from regionally high gas prices, the higher prices should help funnel fuel from the South where refiners are thirsty for a better margin on fuel.

I hadn’t made it official on TheGasGame, but I had predicted on March 23 on GasBuddy that May/June would bring oil prices to $55-$65 and nationwide gasoline prices to $2.50.

This is my official target for the time being and I am working on a prediction for July/August at this time.

For the next few weeks, I see absolutely no reason for gas prices to rise over $2.50. The market is well supplied with oil and refiners are increasing their crack spread (profit) on making gasoline.

Hold in there folks. We should see a slower rise than we’ve seen the last week.



Add a Comment
  1. 5/20/09 — What, no postings since 05/05/09? Where are you guys? Here you talk of $2.29, and now it’s $2.49 already with no intermediate predictions?

  2. Bob, what are you talking about? I’ve been posting all month!

    For example: http://www.thegasgame.com/2009/05/18/fill-it-up-again/


Leave a Reply

Your email address will not be published. Required fields are marked *

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 1,754,928 bad guys.


This site uses Akismet to reduce spam. Learn how your comment data is processed.

TheGasGame.com (c) All Rights Reserved Frontier Theme