Can you believe that gas is “only” 2.28 in Findlay, Ohio? Thats the
lowest price in the United States at this time, and its only a few
hundred miles away.
Prices on the wholesale market fell quite a bit the past few days,
but you don’t see local stations following suit… we’re still
“stuck” at 2.54. We should be near 2.45-2.49, but for some reason the
gas stations are holding onto assured profit. Some station needs to
step up and lower their prices.
I don’t see a hike coming any time soon, but Iran could force
wholesale prices higher.
The DOE report today was also excellent. Crude oil inventories built
(suprisingly), as did gasoline (suprise again!) AND diesel/heating
oil inventories climbed, ALL unexpectedly…
Why aren’t prices falling? A good question- they ought to.
I don’t see prices going higher for Labor Day at this point, but
remember, Iran could change that, and FAST.