Chicago spot gasoline:
Michigan Fair price: ( $1.8608 +$0.6367 ) = $2.4975
Average selling price – fair price: ( $2.487 – $2.4975 )=
Margin over cost + profit: -$0.0105
Wholesale is up again, almost 9 cents in the last two days. Margins have dried up to almost nothing/negative numbers. If you are needing gas, I’d fill up tonight or early tomorrow. We could spike up to the same levels seen during the last spike, although the NW counties in Indiana may get a better break since the Chicago RBOB spot is only 2 cents over the Chicago Spot.