Comment on the May 20 prediction: We hiked on May 22 to $3.89, so, unfortunately, CORRECT.
Wednesday, May 30, 2012, 2:30PM: In late March, wholesale gas prices of about $3.30 in the Midwest corresponded to a hike to $4.15 in Michigan. This afternoon, prices keep tumbling at the wholesale level ($2.73 this afternoon), which, if it persists, means retail prices could drop below $3.40. The lowest right now is $3.50, and we’ve got prices in the $3.70’s in the certain places in Grand Rapids. I don’t see any price hike coming for the next several days. — Ed A.