Gas prices are too high, they will fall

I don’t come out and say this very often, but gas prices are too high right now in Michigan. The type of calculations I use says we should be in the $2.88 to $3.10 range right now. Prices dropped by 10 cents in Fort Wayne yesterday, and when you look at the nationwide map, we are ahead of states like Florida and Pennsylvania that have higher state gas taxes than we do. Let’s go, Governor, time to call Speedway!

Short term, I predict prices falling slowly through Sunday. August will probably be a price hike disaster, though, as worries about hurricanes, rather than actual demand, will drive prices higher. Prices fell slowly through Sunday, as predicted. CORRECT.

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