Comment on the May 31 prediction. $2.09 on Wednesday, as predicted. CORRECT.
Sunday, June 7, 2020, 5PM: Since late April, same thing week after week. Stocks prices rise off their COVID lows. Oil prices rise of their COVID lows. And gas prices on a stair step upwards from $1.49 at the beginning of May to $2.09 this week. By “stair step”, I mean there has been very little “gas gaming” of prices dropping a penny or two a day, and then a hike. Instead, prices freeze up after each hike. I believe we’ll see more gaming going forward. As for hiking, you may have heard that the Nasdaq made a new, all-time high on Friday. Oil surged to almost $40 a barrel (vs -$35 on April 20). Seems like $2.19 is next this week. -EA
$1.769 this morning in sw Ohio.
Looks like we finally got the reset to $2.09 in east Ann Arbor/Ypsilanti.
still finding a few 1.99’s in NW Ohio area, but becoming few and far between.. 2.099 more common and think thats heading up soon also..seems like prices currently rise 10c or so..then hold..then rise 10c more rather than the more pronounced swings
Looks like they’re trying for 2.19 around Grand Rapids? Much like the last couple of hikes, it’s starting with the admiral/marathons and a few others. The speedways don’t seem to be participating right a way.
Another epic fail in sw Ohio. $2.099?? Filled up for $1.769 this morning.
Well, I guess I would consider last weeks attempt at 2.19 a failure. By the 12th (Friday) 6 of 14 speedways nearby jumped in, which was about the same overall participation rate in my area. Those that went up are still mostly above 2.09 and the average has only come down to 2.06. Since the average margin is down to about .15/gallon, I expect we’ll see another attempt this week.
does speedway gas contain ethanol?