Comment on the September 8 prediction: The hike didn’t occur until the 12th, to just $2.29, so call it WRONG.
Monday, September 19, 2016, 9:00PM: You have probably heard about the Colonial Pipeline break in the South, leading to big hikes in states like Tennessee in the past week. Here in the Great Lakes states, though, the effect has been mild. In fact, my estimated price-to-retailers has been pretty flat all month, and retail prices have been steady, too. As prices drop towards $2, margins are getting squeezed, and I expect we will see a re-set this week. But there is no sign right now that it will be anything dramatic. — Ed A.