Sunday, February 9, 2025, 4 PM: Here in west Michigan, there was a slow-motion price hike midweek last week, to $3.09. This was after Marathon’s failed attempt to get to $3.29.
That was a pretty weak hike compared to what we saw in the final two years of the Biden administration, and inquiring minds are wondering why. Rumor is that there has been a glut of gasoline in storage in the Midwest for the last several weeks, something that the public wholesale price pages like this one don’t seem to be capturing. Predicting what’s next is difficult, without having a reasonable estimate of the price that retail stations are paying to fill their underground tanks.
If this over-supply corrects itself this week, a reset to at least $3.19 is in the cards. But, that is an “if”. Another “if” is what’s next from Washington. So, as I wrote last time, I have no idea what is going to happen this week. -EA
I was listening to Patrick’s podcast. and the winter blend is slowly running out. Once it does, we will see a bump up, so be prepared.
For now, here in IL, last Thursday’s hike mostly rolled back.
GPM stations are moving to 3.19 in Northern Michigan. I can say that there is zero indication that the rumor is true based on physical supply that I am seeing.
Price hike in Indy area to $3.099
Just $3.19 in Illinois. 5-20 hike for many.
Funny, in South Bend, IN, it only went to $2.99.
South Bend, IN – Ya, I’m seeing some listed up ~ .16 to $2.99 now. I work from home so I haven’t been out to see it.
$3.09 Anderson Indiana.
$3.09/gal in Grand Rapids today