Comment on the October 11 prediction: It was CORRECT.
Friday, November 11, 2011, 1:25PM: After some ups-and-downs in the wholesale and retail market this afternoon, let’s see where we are at. Chicago-based wholesale prices have been dropping all week, according to Bloomberg, the place where price hikes occur is about $3.35, and retail prices in the Grand Rapids area are mostly near $3.50, except in Hudsonville, where it seems a gas-price war has broken out. So, I’m expecting prices to drop to near $3.40 around town as the weekend goes on and into Monday. Good!