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.