With wholesale gas prices going up again today, we are at near break even margins here in Indiana (with a little breathing room in Michigan). Prices here in the PADD2 area are now putting us in the red when it comes to national prices on the GasBuddy color map. Today it went up due to yet another DOE report where we are at a low 47.4 million barrels of gas, down from over 52 million barrels a couple weeks ago. There has to be something wrong with the supply, but for now I can only give you the bad news of higher prices, not the reason for them.
There is a possibility of a spike tomorrow. Since it would be the second in a week, something that usually doesn’t happen, there is also the possibility it won’t happen. But be on the lookout for prices going into the $2.70s, and possibly the low $2.80s if it does go.