--Previous Message--
: Week 8 - MON FEB 19 - $2.459
:
: It's now that time of the year when gas
: prices increase due to market anticipation.
: The market anticipates shorter supplies when
: refiners shut down in April to retool to
: produce summer fuel formulations mandated by
: the federal government.
:
: Here are actual weekly gas price increases I
: observed in Kalamazoo this time last year:
:
: Week 7 - TUE FEB 14 - $2.259
: Week 11 - THU MAR 16 - $2.659
: Week 12 - FRI MAR 24 - $2.599
: Week 13 - TUE MAR 28 - $2.659
: Week 13 - THU MAR 30 - $2.759
: Week 14 - THU APR 6 - $2.799
: Week 15 - TUE APR 11 - $2.899
: Week 16 - WED/THU, APR 19/20 -
: $2.899/$2.959
: Week 17 - TUE APR 25 - $2.959
:
:
: This spring increase is built into the
: futures market years in advance. March 2008
: gasoline futures (which will be your gas
: prices in February 2008) closed at $1.6723
: yesterday. April 2008 gasoline futures
: (March 2008 for you) closed at $1.7973
: yesterday. That means the market currently
: predicts retail gas prices next February
: will be $2.439 and $2.571 next March. A
: 13.2� increase is already built into the
: market for this time next year. This year's
: actual increase was about 18�, up from about
: $2.279.
:
: Gasoline futures:
: March 2009 - $1.6793
: April 2009 - $1.7733
:
: Similarly, the annual fall slide, which
: lasted like 7 weeks in 2006, is built into
: the market:
: September 2007 - $1.7693
: October 2007 - $1.6713
:
: September 2008 - $1.8118
: October 2008 - $1.7033
:
: September 2009 - $1.7943
: October 2009 - $1.6793
:
: Futures contracts for gasoline currently
: extend to February 2010.
:
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