Comment on Tuesday’s prediction: Prices rose on Thursday, but just to $3.65, not $3.75. I am going to score it as 3/4 CORRECT, 1/4 WRONG.
Saturday, March 26, 7:30PM: I just saw Butler go back to the Final Four, and I’ve been thinking about this recent article in the GR Press concerning why retail gas prices are volatile. On this site, we’ve tried to explain the dynamic, and we hope it has helped you. I’ve been mulling over the gist of the article, which is that there are too many gas stations, and that causes prices to bounce around. I think that is actually true, but what is the alternative? If there were fewer stations, prices would stay relatively constant — at the higher price hike price! I’d rather have the volatility if that means there is an opportunity to buy gas at pre-spike prices.
Speaking of volatility, what is the world is going on at Cascade and I-96 today? This is what I observed: Forest Hills Foods had gas for $3.65 at around 3PM, and the Marathon was at $3.49. At 4:30PM, the Speedway and Shell were at $3.49, and the Marathon was back to $3.65. Did someone hit the wrong switch this afternoon?