Month: December 2013

Good chance we will see at least $3.39 on Christmas Eve

Comment on the December 18 prediction;  Prices rose on Thursday to $3.29, just as predicted.  CORRECT!

Monday, December 23, 2013, 8:00PM:  Wholesale prices continue to rise the past several days.  Using an estimated wholesale price of $2.61, I am calculating a price to retailers this evening of $3.29, which is where we hiked to last week.  With prices down below $3.20 in a lot of places in the GR area, that sets up for a possible price reset on Christmas Eve, to at least $3.39.  Hate to make that prediction, but there it is. — Ed A.

Gas Prices: It’s Quiet (Maybe Too Quiet)

Comment on the November 25 prediction:  It was CORRECT, as prices dropped until December 5. We fell below $3 in some places.

Sunday, December 15, 2013, 8:00AM:  Wholesale prices have held steady since the last price hike on December 5, but retail prices haven’t fallen much, either, so the risk of a price hike is small at the moment.  It may look different on Thursday morning.  Looks like $3 even is the floor right now.  Another thing to consider is that December is typically the month of the year when gas prices are the lowest, so it is hard to predict that gas work its way down below $3 in the next few months. — Ed Aboufadel

p.s.  After posting this, I see prices are at $3 on Alpine, so we may be closer to a price hike than I first thought.

 

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