Comment on the April 1 prediction: Prices rose in Michigan on April 2 to $2.49, as predicted. In Indiana, not so much. Still, score it CORRECT.
Tuesday, April 7, 2015, 9:00PM: Today, oil hit its highest price so far in 2015, and I expect gasoline to follow. Wholesale prices keep moving higher, slowly but surely, and Indiana and Ohio finally caught up with last week’s price reset. In Michigan, I’m expecting a hike back to the $2.49-$2.59 range before the end of the week. -Ed A.
This spike will still keep Indiana below the national average, and a massive $1.25 below the average from one year ago.
Now I will bow out of the thread before the chronic complainers and amateur comedians chime in. To the rest of you, have a great week.
South Bend IN avg is 2.353 and still moving closer to the USA avg of 2.395
$2.699 here in NW Indiana. About 30 cents above the national average.
Above the national average by 4 cents in Cincy.
http://farm5.staticflickr.com/4084/5063935593_65d8b0319a_z.jpg
We have talked about this before…when a pundit makes a prediction about constant or dropping gas prices. Any takers this time? I’m on the fence myself with this one.
http://wane.com/2015/04/09/analysts-lower-summer-gas-price-prediction/
From the FWIW department:
As of noon yesterday,as viewed driving on I-64:
Gas in Covington VA(no Speedways) $2.099
Gas in Lewisburg WV(Speedway country) $2.399
Both are in the same PADD (PADD 1). Not sure if they follow the same “regional” wholesale price, but VA is ALWAYS 15-40 cents/gallon cheaper, depending on how much time has passed since the last Speedway reset. And as such, we NEVER get gas in WV when we travel to Virginia Beach.
Well, WV is 12c higher in gas tax than VA but still…
http://www.api.org/oil-and-natural-gas-overview/industry-economics/fuel-taxes
I knew WV had a higher state tax, but didn’t feel like looking up the number. Doesn’t explain the other rest of the difference.
I did see that WV and VA get lumped together when average retail pricing is done by region.