Comment on the October 25 prediction: Prices fell all week, so pretty much CORRECT. Then we got that hike yesterday. Boooooo!
Comment on coining a term: I liked ChrisDG74’s “Greed Grab” the most of the entries that were posted. I may start using “Fat Fingered Greed Grab” for those twice-a-year faux hikes.
Sunday, November 1, 2015, 10:49 AM EST: The problem with gas prices under $2.75 is that it is easy to get lulled into a sense of complacency. Friday night, I updated my spreadsheet and saw that we had moved into price hike territory, but I thought “Eh, some time this weekend I’ll post something looking ahead to Monday.” Of course, that was WRONG, because prices rose on Saturday morning to $2.49 here in Michigan. It wasn’t a Fat Fingered Greed Grab, though, just the usual Grab. Moving forward, we have two cross-currents from now until Christmas. Historically, the next eight weeks are usually a time of declining gas prices. But given the bounce off of the recent lows in the energy and stock markets, we may have more room to run higher there. Maybe these two dynamics will cancel each other out, and we’ll average $2.39 from here to Christmas. That’s not a prediction, though, just a thought. — Ed A.