Gas PricesApril 4th, 2014 at 12:39 pm by Bill Steffen under Bill's Blog, News, Weather
Here’s the latest from Ed: “Friday, April 4, 2014, 8:15AM: We saw another Saturday hike, to $3.85. We have a great group of commenters on our site right now, and they have pointed the way to understanding what has been going on with these price hikes lately. As you may have heard on the news, March saw a shortage of ethanol (related to problems in rail service!), and a spike in ethanol prices. Since most retail gas these days is at least 10% ethanol, depending on where you live, this has impacted prices, and it is also messed up my calculations. I have never factored fluctuations in the price of ethanol into my spreadsheet, but I will start doing so when I do my annual spreadsheet upgrade in May. So, what happens this weekend? Ignoring the ethanol issue, prices could fall to $3.50 in Michigan, and we are in the mid $3.60′s right now. If we had the kind of ethanol shortages we had in March, then a hike back to $3.85 is likely in the next few days. I just don’t know, so the safe thing to do is to fill up for $3.65 or less today. — Ed A.
Also – check out the Scary Looking Cloud! Severe storms hit Arkansas: “Arkansas Gov. Mike Beebe has activated the National Guard for security & traffic control mission as crews restore power in Ouachita County…22,000 without power. Heavy snow has fallen from NE Nebraska to Lake Superior. 61 years of tornado tracks. Giant “Black Box Detector” joins search for missing plane in S. Indian Ocean. A desert thunderstorm in Dubai. Nice pic. of lighting over St. Louis. El Nino coming on…could mean more beneficial rain for Northern and maybe even Central California…won’t flip the weather here…we stay cooler than average (though not as cold relative to average) thru much of April. El Nino’s centered near region 3.4 do not always mean warm winters for Michigan and the Great Lakes. Weak El Ninos centered in region 3.4 are often cold and/or snowy…it depends on the intensity of the El Nino. Here’s today’s severe storm reports, damage in Louisiana and Tennessee. Here’s Thursday’s severe weather reports (near 350 of them). 5.7-magnitude earthquake strikes 16 miles off coast of Ydra, Greece