Month: January 2017

Garden Variety Hike Coming Soon

Comment on the January 17 prediction:  No hikes since then, so it was CORRECT.

Monday, January 30, 2017, 12:30PM:  Usually we see gas prices moving up in January, but here in the Grand Rapids area, we’ve seen drip-drip-drip down of prices since the first of the year.  A big contributor has been a 30-cent drop in wholesale prices since January 1.  But those prices have stabilized, and the retail prices have fallen enough that we are heading into price-reset territory.  We already have scattered reports of hikes in Indiana and Ohio today, and I think you can count on Michigan following suit by Wednesday.  Maybe $2.39? — Ed A.

A Rather Quiet January So Far

Comment on the December 31 prediction:  $2.59 on New Years Day, as predicted.  CORRECT.

Tuesday, January 17, 2017, 11:30AM:  So, let’s review what has happened since the New Years hike, fueled by the newly higher Michigan gasoline tax.  Retail prices have been slowly dropping, with most places in the Grand Rapids area still in the $2.40’s.  Wholesale prices, however, have had an interesting ride.  They rose sharply the final two weeks of December — almost 30 cents — and since then given half of that back.  Put it all together, and retail prices are still sitting noticeably above the 0-cent margin price, which means no hike on the horizon, and the slow drops continue.  Good!  –Ed A.

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