Comment on the January 7 prediction: That prediction was CORRECT, as prices rose on January 9 to $3.45. Then, on January 21, we got a lame hike to $3.39.
Tuesday, January 28, 2014, 7:15PM: It has been a quiet month in gasolineland, which is why I haven’t posted much. Wholesale prices have barely budged in two weeks, while retail prices have been ticking lower since the January 21 hike. I think we are setting up for a price reset on Thursday, back in the $3.39 to $3.49 range. — Ed Aboufadel
Comment on the December 23 prediction: It was WRONG, or just early, as the last price hike of 2013 didn’t arrive until the day after Christmas.
Tuesday, January 7, 2014, 7:15PM: Riding the roller coaster that are gas prices, retail prices have been dropping during this deep freeze, but wholesale prices have been rising. We’ve reached the point where the price to retailers is about $3.23, and this afternoon I bought gas for $3.09. You know what that means … price hike coming, Wednesday or Thursday. Estimate of new price: back to $3.49. -EA