Comment on the November 18 prediction: Well, that was WRONG as prices hikes on November 20. So, I took a week off from predicting.
Monday, December 3, 2012, 7:10PM: In a decade-plus of The Gas Game, December has usually been the month where we would see the lowest prices of the year. From my data collection, prices this year in Standale, Michigan got down to $3.26, and today we are getting close at $3.36. We are also getting close to price hike territory, though, when I estimate retailers’ margins. Most likely, we will be seeing a price reset this week, maybe even tomorrow, to the neighborhood of $3.49. That would be $1.75 if the retailers ever decide to start pricing gas in half-gallons. Hey, if they can do it to these products, why not gasoline? –Ed Aboufadel