Comment on the September 22 prediction: As predicted, prices rose on September 24, to $3.99. Prices have been falling gradually since then.
Wednesday, October 3, 2012, 9:00PM: Wholesale prices have been falling in the Midwest the past few days, finally catching up to falling prices elsewhere, including oil prices. As of tonight, Grand Rapids retailers are paying $3.60 a gallon, I estimate, which gives us room to $3.50 before we get a hike. Since the cheapest in town is $3.67, expect prices to continue falling, at least until Monday. — Ed A.