Comment on the October prediction: Completely WRONG in Michigan, but there was a hike to $3.29 in Indiana.
Monday, October 13, 2014, 1:30PM: With gas selling for $2.60 a gallon in Lowell today, what is going on here? Mathematics seems to be breaking down, as I am calculating that retailers are buying gas right now for about $3.00 a gallon, and selling it at a loss. I can’t explain it, but at this time six years ago, prices went from $4.19 on September 13 to $1.59 on November 26 without a hike, and that’s when the Great Recession started. I’m not saying the economy has started falling apart, but something spooky is going on. Enjoy buying gas “on sale” while you can! — Ed A.