Comment on the July 1 prediction: One of my better ones, as prices rose just as predicted. CORRECT!
Sunday, July 7, 2013, 10:30AM: On Tuesday, the “spot price” for the Chicago area was about $2.64, which corresponded to a price to retailers of $3.33, after all taxes and other costs are factored in. We saw a hike that day to $3.59. Since Tuesday, the spot price has risen to about $2.79, leading to a price to retailers of $3.48. With prices in the Grand Rapids area at about $3.48, that is a recipe for a price hike on Monday or Tuesday. Prediction for new price: $3.69-$3.74. –Ed Aboufadel