Current Price Target is $3.39

Comment on the April 16 prediction: CORRECT, as we saw no hikes the past two weeks, and slowly dropping prices.

Sunday, April 30, 2023, 2:00PM: We are having one of our occasional data issues from our source for local CBOB/RBOB prices, so apologies to those following The Spike Line. It also makes it harder to analyze and predict, but using widely-available New York prices can give us a clue. Basically, wholesale prices have been drifting lower, following oil prices, and retail prices have followed. For instance, for the Fort Wayne stations I monitor, after a hike to $3.75 on April 11, prices have been working their way lower, now $3.34. Retail prices have been stickier, in west Michigan though.

What’s next? The beginning of May is always a good time to take stock, as summer approaches, and I doubt we are going to get a repeat of the upward price shock that occurred in late May/early June last year. My plan this week is to fill up for as close to $3.39 as possible. So, I am heading to Hudsonville later this afternoon! -EA

Updated: April 30, 2023 — 1:35 pm

1 Comment

Add a Comment
  1. South Bend IN – Costco just went to $2.99. SBN avg $3.294

Leave a Reply

Your email address will not be published. Required fields are marked *

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 1,759,283 bad guys.

 

This site uses Akismet to reduce spam. Learn how your comment data is processed.

TheGasGame.com (c) All Rights Reserved Frontier Theme