Comment on the March 26 prediction: Prices rose to $4.15 the next day in Michigan, then fell to $4.09 on the 28th while they rose to $4.09 in Indiana. Sounds like a pretty much CORRECT prediction.
Wednesday, April 11, 2012, 10:00PM: It appears that Chicago wholesale prices fell dramatically last week, which has led to retail prices falling from $4.15 to $3.79. But, we got a jump today of 13 cents wholesale, and that is a set up for a price hike. That, and I have to drive tomorrow to Lansing and back. We could re-set to as much as $3.99, but not above it.
This week, I was contacted by the National Association of Convenience Stores. They have written a position paper, “The Banks’ Hidden Windfall As Gas Prices Rise“, and because I agree with their conclusions, I wanted to let readers know about it. I don’t have any relationship with this organization, though. –Ed Aboufadel