Are you ready? Coming soon: $2.99
7 comments Tuesday, 10-07-08 | Posted By Patrick | Predictions
Posted by mobile phone:
I hope you’re prepared, West Michigan… we’re going to see $2.99 soon!There have been large selloffs in gasoline that will benefit the Midwest the most. Other areas of the country aren’t paying a price premium like we are, and that’s started to dry up. A few days ago the Chicago premium was 40+ cents per gallon and now its fallen to 20-cents. I’d be shocked if we did’t see $2.99 or less in the next few weeks.
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That would be welcomed. By the way, what is your projected long term outlook for gas prices, say in 1 year at this time? I know it is a bold move to make an answer on this, just wondered if you had any thoughts.
Im in fort wayne, and we are seeing 3.45 here right now. I got a speedway gas station literally across the street, so i can see the prices from my dorm! I can keep yah posted on what we have here in the fort =) 2.99 Sounds great! Looks quite possible here as well
Plainwell just north of Kalamazoo is down to $3.10 Reg, $3.10 Mid, $3.26 Prem & $3.86 Dsl. Yeah!!!!!
Keep it droppin!
I am concerned that if oil prices continue to drop, that Russia, Iran, Venezuela, etc. might do something to trigger a price increase. I am certainly eager for lower gas prices, but it may come at a cost. The major oil exporting countries are not the friendliest and they may react dangerously if backed into a corner.
Wholesale prices still need to come down 5-10 cents to make $2.999 profitable. The market is down about 3 right now, so I assume we will get another drop tonight.
Regardless of how much wholesale prices drop the next couple days, you won’t see widespread $2.999s until next week.
I know your predictions are based on prices in west michigan, but why are we still see prices ranging from 3.48-3.52 in mt pleasant. Will we see anymore significant price drops in the mt pleasant area anytime soon?
Down, down, down…….. Regular is at $3.05 this morning on US-131 at the Plainwell MI exit (M-89). Keep droppin it please!