Comment on the January 12 prediction: Prices have been slowly dropping since the 12th, so the prediction was CORRECT.
Friday, January 22, 2010, 3:30 PM: After traveling to California last week, this week I’ve been watching prices continue to drop slowly but surely around town. It is no fun along Lake Michigan Drive from Standale to I-196, though, as everyone has been stuck at $2.69 all week. Now, a bad week in the stock market has correlated with a bad week in the energy markets, and we are looking at 0-cent margin price below $2.50. So, I’m expecting price drops to continue over the weekend. Early next week, I think it is simple: if the stock market makes up some of its recent losses on Monday or Tuesday, wholesale prices will perk up enough for a price reset ($2.59?) If not, look out below!