Comment on the June 14 and 24 predictions: The predictions of lower and lower prices were CORRECT.
Monday, July 1, 2013, 8:00PM: A month ago — June 5, to be exact — we saw prices rise to a record $4.29 a gallon here in western Michigan. This was due to “refinery problems” around Chicago. As these problems have cleared up, prices have fallen dramatically, to as low as $3.29 — a dollar less. Now, wholesale and retail prices are lining up again, and I calculate the cost to retailers this evening as $3.31. With prices still all over the places, I am sure retailers will quickly match any price hike, and we should see one Tuesday or Wednesday. Predicted new price in the $3.49-$3.59 range. — Ed Aboufadel