Comment on the September 23 prediction: It was CORRECT, as prices did drop below $2.30. I filled up for $2.29 on Sunday on Beltline.
Wednesday, October 7, 2009, 1:30PM: The price re-set to $2.45 on Monday was interesting. On Lake Michigan Drive, prices had been stuck at $2.44, so there wasn’t any hike at all. Prices were stuck because the Citgo has gone out of business again, and they were the ones that pulled prices down. So, unless someone else in Standale starts pricing aggressively, I am going to be avoiding buying gas along my main commute. There was a jump in wholesale prices yesterday, but there is no follow-through today, and I think the 0-cent margin price is about $2.33. That means if we get close to $2.33 this week, then there could be another hike. Other than Sam’s Club or Costco, there’s no sign of it.