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.

Updated: January 30, 2017 — 12:34 pm

8 Comments

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  1. 2.199 it is in NW ohio RT 20 corridor. Speedway first to go. scored a 1.899 on way to work..so just saved 30c a gallon

  2. Well hike will be any time now, the local news ran a story last night bout falling gas prices. Is almost always followed with a hike soon after.. so filler up….

  3. 2.19 in Indiana, I’m betting a twofer this week… It would likely look bad to aim for 2.39 right away so 2.19 then 2.39-2.45…

  4. going to 2.29 in Kazoo area now

  5. Ditto in SE MI, Mike. Pre-hike avg = $2.19.

  6. Went up to $2.15 in my neck of the woods. Has already dropped back two pennies since the spike

  7. see a big drop in spot last friday which may save us from a spike this week

    still around 2.05-2.10 NW ohio rt 20 corridor so margins still pretty thin

    is this the start of the big drop in spot as seen this time last year as tanks are cleared ahead of the start of summer blend production ?..dreaming but dont think will be the same this year as last when we were filling up for under $1.50 a gallon

  8. Likewise, Ed. Followed your advice and filled at $2.15 this a.m. in east Ann Arbor. That same station is at $2.29 although GB says we’re spiking to $2.39 +/-.07.

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