Let’s start off the week on the wrong foot

Sunday, May 8, 2016, 10:00PM:  I’m looking for a price reset on Monday or Tuesday, maybe back to $2.39.  Prices have dropped nicely over the past two weeks, and the estimated price-to-retailers tonight is $2.08, which matches prices I am seeing in certain places around Grand Rapids.  Throw in some international oil tension this weekend, and it seems the wisest course of action is to fill up Monday morning. -EA

Updated: May 8, 2016 — 10:06 pm

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  1. So far 2 Speedways have spiked to $2.55 in South Bend IN now. SBN avg 2.337. Costco $2.20.
    2.59 in Niles MI.

  2. Gas shortage in Michigan for Memorial Weekend?? WOW, now I have heard it all.

    http://woodtv.com/2016/05/24/gov-snyder-declares-state-of-energy-emergency/

  3. Diether Haenicke

    EDITORIAL: EPA Just Declared War On Millions of Car Owners

    The EPA wants to boost the amount of ethanol mixed in with gasoline, which could damage millions of car engines.

    http://www.investors.com/politics/editorials/epa-just-declared-war-on-millions-of-car-owners/

    *****

    What can you, the consumer, do about this? Vote for candidates this August (in Michigan) and November who will abolish the federal ethanol mandates in gasoline. In addition, lobby your current U.S. Representatives and Senators to repeal these mandates.

  4. I always thought of the EPA as the Employment Prevention Agency. If they get their way with ethanol it will create a boom in the mechanic field!! Outstanding news lol

    Meanwhile, Greedway does have a heart. They decided to go with “just” a 34 cent spike to $2.49

  5. http://www.freep.com/story/money/business/michigan/2016/05/24/snyder-declares-energy-emergency-because-gas-woes/84868788/

    “Driving this is the West Shore petroleum pipeline shutdown in Wisconsin, which supplies six Green Bay terminals. Trucks leave from six terminals there to service gas stations in the Upper Peninsula.
    In addition to the Wisconsin issue, which began March 10, Snyder pointed to the temporary Marathon refinery shutdown in Detroit and the Alberta wildfires as reasons why the gas supplies are tight.
    According to DeHaan, pipeline and refinery maintenance is usually done in the spring, ahead of the summer driving season. Most work wraps up in late May, but this year, it;s going to mid- to late June — just as driving picks up.”

  6. Oil trading at 2016 highs.

    http://finance.yahoo.com/news/dow-jumps-100-points-energy-135027822.html

    “(You’ve) got a lot of professional traders pushing the markets up here for a short-term trade,” he said.

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