I wouldn’t be surprised if Speedway …

Comment on the July 16 prediction:  No price hikes, so CORRECT.

Wednesday, July 22, 2015, 6:00PM:  So what do we do here?  Since the last price reset on July 1, wholesale prices have fallen more than 20 cents a gallon, while retail prices … well … it depends.  Gas is selling for $2.69 a gallon at Wealthy and Division in downtown Grand Rapids.  A few miles away, in Wyoming (MI), $2.12 — that’s a difference of 57 cents!  It is $2.57 on Lake Michigan Drive, but the stations I watch in Fort Wayne have been stuck in the mid $2.30’s for three days, while my estimate of the price to retailers is $2.41.  So, for some stations, we are far enough above the price to retailers that there shouldn’t be a hike.  For others, they are selling at such a loss that I don’t know how they stay in business.  I wouldn’t be surprised if Speedway reset the whole system to $2.59 on Thursday. -EA

Updated: July 22, 2015 — 5:50 pm

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  1. I’m with you, Chris. I wouldn’t be surprised by a price hike tomorrow morning in Ohio. I expect we might also see something similar to the last spike in Ohio – SW Ohio spiking about 10 cents higher than the rest of the state. Say, $2.59 across OH and $2.69 in SW OH.

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