Enjoy Low Prices While We Can

Comment on the January 14 prediction:  Prices have been dropping since the start of the year, so CORRECT.

Saturday, January 23, 2016, 9:00AM:  So much for “gas prices bottom out in December each year”, as things have been crazy this month, including a serious gas price war in Houghton Lake, and the price of oil plunging below $27 a barrel before recovering late in the week.  It is difficult to explain what is going on:  too much supply?  hedge fund blow up?  early signs of an election-year recession?  But we are here to help you navigate retail gas prices, and here is the current outlook:  wholesale prices continue to fall in tandem with the price of oil, and I estimate a price to retailers this week in the neighborhood of $1.50 a gallon.  With a lot of $1.57’s around town this morning, we are getting close to price reset territory.  So, my strategy would be to fill up Monday morning, and maybe again Tuesday morning, expecting a price hike this week.  Of course, if wholesale prices start bouncing around again next week, all bets are off. — EA

Updated: January 23, 2016 — 8:56 am

52 Comments

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  1. Turbo46032, Spot ON!
    $1.28 in the Greenville, Michigan area. Worth the 15 mile drive over for the savings and then hit the bank to sorta make it more worthwhile. $1.44 or so in the rest of the GRR/West Michigan area.

  2. How about another dime off spot prices today!

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