Gas PricesJune 1st, 2013 at 11:21 pm by Bill Steffen under Bill's Blog, News, Weather
Here’s the latest from ED: “Saturday, June 1, 2013, 8:30AM: I just got back from my Saturday morning walk, and I got to see the local Speedway implement a rare Saturday hike, to $4.15. An industry insider tells me that Friday afternoon in Chicago, there was an inexplicable spike in wholesale prices, one that was not matched in other parts of the country. There were a number of odd end-of-month actions in markets Friday afternoon, including the sudden drop in stock prices from 3:25 to 4:00 PM. Sometimes these occur due to traders and financiers balancing their books at the end of the month, which probably doesn’t bother them much, but this morning we see concrete consequences of trading-based, as opposed to supply-and-demand-based, volatility. Journalists and political leaders, if you want to investigate a good example of what is going on with gas prices, here it is! — Ed Aboufadel Bill adds: I saw gas as low as $3.21 last week in Clinton, TN. I bought gas in KY for $3.49 on Friday and $3.79 in NW Indiana on Saturday. Here in Wilmette (in high tax Cook Co., Illinois) it’s $4.29 at the BP down the street.. I always fill up in NW Indiana, so I don’t have to pay Chicago prices. We were driving my mother and her car back from Tennessee, where she spends the cool months to Wilmette IL for the summer. She’ll be 94 in July and still drives (small trips in daytime close to home). She has a Suburu Forester (24,000 miles, mostly going back and forth from TN to IL). It gets very good highway mileage. In NW Indiana, there were five gas stations by the expressway. Four were at $3.79 and one had gone up to $4.09. No one was at the odd high-priced station. You can find out the latest gas price in your area at gasbuddy.