Grand Rapids Gas Buddy Peg has brought to my attention that Speedway’s website indicates a price reset to 2.95 is occuring.
This price hike/reset is completely without warrant. Wholesale prices fell 6 cents yesterday, and are down at this time for today.
Most likely, Speedway is getting greedy and trying to restore the money it didn’t make when they were forced to sell under $3. (Remember me saying that I expected a rise to 3.05-3.15?) Because they were “forced” (by themselves) to hold under $3, they didn’t make as much profit, so now that prices on the wholesale market are lower, they are attempting to recoup that money!
Don’t expect the hike to last long. Prices should come back down reasonably fast.