Comment on this morning’s prediction: Here is Grand Rapids, prices jumped to $3.69 today, so I hope you filled up. CORRECT!
Wednesday, January 11, 2012, 6:00PM: OK, things are bizarre today. After the weekly energy report from the Feds, gasoline future prices plunged in Chicago, dropping 13 cents a gallon according to Bloomberg. Meanwhile, here in Grand Rapids, prices were soaring to $3.69 a gallon. Driving home from work this evening, the Citgo in Standale is at $3.59 and the Speedway on Lake Michigan Drive is $3.41 (and packed with cars), where it was this morning. I keep an eye on Fort Wayne prices (that’s my hometown), and it looks like there was no hike there at all, so prices are still $3.38. Is this turning into a failed price hike? If I was Speedway, I’d put in a system-wide reset to $3.55 tomorrow and move on. -Ed A.