Its been such a long time it seems that I’m proud to announce we should be seeing $3.XX gasoline (as low as $3.89) in Grand Rapids in coming days as wholesale gasoline prices continue what seems to be a correction.
Gasoline lost another 10.34-cents today, marking a near 40-cent slide since the week began.
Unfortunately for some retailers, they purchased fuel at the worst possible time: the day before the slide began and are going to be stuck selling it at a loss. As soon as stations sell off their gasoline that they paid at the peak of the week, expect prices to nosedive. We’re already seeing $4.08’s roll around in rural areas, and we can expect even bigger decreases *everywhere* by the time stations get rid of their expensive fuel, which may take a few days.
Today’s STATION cost for gasoline according to a regular poster was hovering near $3.80, so we definitely have quite a bit of play in prices. Hold off on filling up until prices get cheaper and only pump what you NEED for now! (IE- less than a full tank)