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