The extra six cents did not make sense.

Comment on my 10/2 prediction:  Well, there was a price hike last week, but it went to $2.89, so the prediction was WRONG.  There was another price hike on October 11 to $2.95.

Friday, October 12, 4:30 PM:  A combination of business at work and what I thought were benign wholesale gasoline numbers led to no post earlier this week, so my apologies.  Retail prices are running about six or seven cents higher than I would expect.  In addition, usually when Speedway hikes, the Indiana prices are re-set to a dime less than the Michigan prices.  This time the difference was 16 cents.  I am not sure why the hike had the extra six cents in it, nor am I sure why they even bothered hiking, as wholesale prices have been pretty stable the past week.  Last year, though, there were a few price hikes in early November that didn’t fit the pattern, either, so let’s just chalk this up to the retailers being more aggressive lately trying to make a buck.  As of the close of business today, the wholesale price corresponds to a retail range of $2.61 to $2.89, if I don’t add in the extra six cents.  So, if you can make it through the weekend without filling up, you ought to see lower prices by Monday (as opposed to static prices).  If not, gas is $2.85 at one of the Meijer’s on 28th street.

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