Comment on the December 14 prediction: It was possible to get gas under $3 in the region, but difficult to find that price in Grand Rapids. But prices did keep falling until December 20, so I am going to rate that last prediction 1/2 CORRECT, 1/2 WRONG.
Wednesday, December 26, 2012, 8:15PM: I can’t take some time off Christmas week without something weird happening. In this case, we have a slow-motion hike today to $3.39, which seemed to anticipate where wholesale prices ended up today. But we didn’t get much of spike in wholesale prices, nor have we seen a significant drop in retail prices, so this seemed like a “The Speedway kids didn’t get what they wanted for Christmas, so the big red button got pushed Wednesday morning” sort of hike. Or, it was a “let’s do a price re-set on Thursday but someone who drank too much eggnog sent out the e-mail a day early” sort a hike.
I expect this will be my final posting for 2012. Thank you all for reading this blog, and Happy New Year! — Ed Aboufadel