Back on $2.99 Watch

Commment on the May 27 prediction: CORRECT, as prices have drifted lower the last two weeks.

Sunday, June 9, 2024, 4 PM: There was news last week that ConocoPhillips is buying Marathon Oil. Will this affect the Gas Game? Probably not, because Marathon Oil is not the same as Marathon Petroleum, and the latter are the folks who have been in the lead with price resets here in west Michigan. However, we will keep an eye on this merger, as well as the Hess-Chevron merger, as fewer oil companies could lead to higher oil prices which would cascade to higher gas prices.

Short-term, though, we are on $2.99 watch, as wholesale prices have been sinking the past few weeks. Our friends at K&G are leading the way, as usual, posting $3.07 this afternoon at many of their stations in the region. Hey, Allendale, get with the program! $3.59?

Prediction: We’ll see $2.99 posted somewhere in Kent County. After that, the crystal ball is cloudy. -EA

Updated: June 9, 2024 — 3:27 pm

8 Comments

Add a Comment
  1. Marathon Petroleum is the Supplier but they do not control street level prices since they sold their stations to 7-11. 7-11 owns Speedway and while some Marathon stations are independently owned, a very large number are owned by GPM (Admiral, Marathon, Next Door and many more).

    Here’s the 2023 list.

    RANK CHAIN NAME HEADQUARTERS STORES
    1 7-Eleven Irving, TX 12400
    2 Alimentation Couche-Tard Laval, Quebec 7070
    3 Casey’s Ankeny, IA 2500
    4 Murphy USA El Dorado, AR 1720
    5 Global Partners LP Waltham, MA 1700
    6 EG America Richmond, VA 1645
    7 GPM Investments Richmond, VA 1500
    8 Parkland Fuel USA Calgary, Canada 1100
    9 QuikTrip Tulsa, OK 1025
    10 Wawa Wawa, PA 1013
    11 ExtraMile Pleasanton, CA 1006
    12 BP America Houston, TX 894
    13 Pilot Co. Knoxville, TN 870
    14 Kwik Trip La Crosse, WI 852
    15 Maverik Salt Lake City, UT 800
    16 Sheetz Altoona, PA 670
    17 Love’s Travel Stops Oklahoma City, OK 635
    18 RaceTrac Atlanta, GA 573
    19 United Pacific Long Beach, CA 450
    20 Yesway (BW Gas & Convenience Holdings) Fort Worth, TX 438
    21 United Refining Co. Warren, PA 404
    22 Sunshine Gasoline Distributors Doral, FL 400
    23 Stewart’s Shops Ballston Spa, NY 357
    24 MAPCO Express Franklin, TN 330
    25 Anabi Oil Upland, CA 300
    26 Jacksons Food Stores Meridian, ID 300
    27 Royal Farms Baltimore, MD 300
    28 Cigarette Store Corp (Smoker Friendly) Boulder, CO 290
    29 TravelCenters of America Westlake, OH 276
    30 CPD Energy New Paltz, N.Y. 270
    31 Giant Eagle (GetGo) Pittsburgh, PA 260
    32 Applegreen Dublin, Ireland 253
    33 Delek US Brentwood, TN 250
    34 CEFCO Convenience Stores Temple, TX 250
    35 Bolla Market Garden City, NY 239
    36 Meijer Gas Stations Grand Rapids, MI 230
    37 Refuel Operating Co. Mount Pleasant, SC 217
    38 Par Mar Stores Marietta, OH 212
    39 CALs Convenience, Inc. Frisco, TX 207
    40 G&M Oil Huntington Beach, CA 200
    41 Sam’s Food Stores Rocky Hill, CT 200
    42 Hy-Vee West Des Moines, IA 180
    43 United Dairy Farmers Cincinnati, OH 177
    44 Terrible’s Las Vegas, NV 176
    45 Nouria Energy Corp. Worcester, MA 175
    46 True North Energy Brecksville, OH 167
    47 H&S Oil Orange, CA 165
    48 Tri Star Energy (Twice Daily) Nashville, TN 162
    49 Alta Convenience Denver, CO 157
    50 K-VA-T Food Stores (Food City’s gas stations) Abingdon, VA 153
    51 Gulshan Enterprises Sugar Land, TX 150
    52 Blarney Castle Bear Lake, MI 144
    53 ARS West (Porter’s) Oceanside, CA 144
    54 Quality Oil Company Winston-Salem, NC 140
    55 Transit Energy Group Greenville, SC 135
    56 Panjwani Energy (Star Stop) Houston, TX 134
    57 Enmarket Savannah, GA 130
    58 Martin & Bayley (Huck’s) Carmi, IL 125
    59 GoMart Gassaway, WV 122
    60 Par Pacific Holdings Houston, TX 121
    61 Englefield Oil Co. (Duchess) Heath, OH 119
    62 Gas Land Petroleum New Paltz, NY 119
    63 Little General Stores Beckley, WV 115
    64 Atlantis Management Group Mount Vernon, NY 114
    65 Town Pump Butte, MT 107
    66 Plaid Pantry Beaverton, OR 106
    67 Stinker Stores Boise, ID 105
    68 Mirabito Birmingham, NY 105
    69 Victory Marketing (Sprint Mart) Ridgeland, MS 104
    70 MM Fowler (Family Fare) Durham, NC 104
    71 Quick Track Inc Bedford, TX 100
    72 Parker Oil Company South Hill, VA 90
    73 Toot’n Totum Amarillo, TX 88
    74 The Kent Companies (Kent Kwik) Midland, Texas 88
    75 Reid Petroleum (Crosby’s Stores) Lockport, NY 87
    76 Sampson-Bladen Oil Company (Han-Dee Hugo’s) Clinton, NC 87
    77 Rutter’s York, PA 83
    78 Spinx Greenville, SC 82
    79 Family Express Valparaiso, IN 81
    80 Newcomb Oil (FiveStar) Bardstown, KY 80
    81 Campbell Oil (BellStores) Massillon, OH 80
    82 Green Valley Grocery Las Vegas, NV 80
    83 FKG OIl (MotoMart) Belleville, IL 79
    84 Johnson Oil Co. Rock Falls, IL 78
    85 Krist Oil Co Iron River, MI 78
    86 Southwest Georgia Oil Company Bainbridge, GA 77
    87 Parker’s Savannah, GA 76
    88 Good 2 Go Idaho Falls, ID 75
    89 BFS Companies Morgantown, WV 75
    90 MNS Ltd Honolulu, HI 74
    91 MFA Oil (Break Time) Colombia, MO 74
    92 Weigel’s Powell, TN 74
    93 C.N. Brown South Paris, ME 73
    94 White Oak Station Harrison, AR 72
    95 Holiday Oil (Utah) West Valley City, UT 72
    96 GATE Jacksonville, FL 71
    97 Energy North Lawrence, Mass. 71
    98 East Side Enterprise (Seasons Corner Market) Cranston, RI 70
    99 OnCue Stillwater, OK 69
    100 7-Eleven Hawaii Honolulu, HI 66
    101 Walters-Dimmick Petroleum Marshall, MI 66
    102 Dandy Mini Marts Sayre, PA 65
    103 Landmark Industries Houston, TX 64
    104 Clark’s Pump-N-Shop Ashland, KY 64
    105 Byrne Dairy LaFayette, NY 64
    106 Shop Rite / Tobacco Plus Crowley, LA 60
    107 Carroll Motor Fuels (High’s of Baltimore) Baltimore, MD 60
    108 Midwest Petroleum Corp. Manchester, MO 57
    109 Vitners Distributors (Loop Neighborhood Stores) Fremont, CA 56
    110 Coen Oil Co. Washington, PA 56
    111 The Wills Group La Plata, MD 55

  2. Indy area spike to $3.599

  3. Fort Wayne up .55 to 3.59 as well.

  4. Family Express went to $3.79 in Lake/Porter Counties and $3.59 in LaPorte County

  5. $3.599 in Ohio. No reason for it. $1.40 over spot’s Monday open.

  6. South Bend IN – Speedway by ND went from $3.24 Monday to $3.59 by Tue/yesterday morning. Then $3.55 Tue afternoon. Family Express & others $3.59. Costco & east side WMT $2.94 still. SBN avg now $3.319.

    Niles MI – $3.15 WMT. Others $3.17-$3.34.

  7. $3.599 reset in Toledo as well, on Tuesday, the 11th, I believe.

  8. Did go up to $3.89/3.99 in Illinois yesterday. Given taxes and RFG cost, that’s definitely lower margins than elsewhere.

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 1,755,029 bad guys.

 

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

TheGasGame.com (c) All Rights Reserved Frontier Theme