Comment on the June 11 prediction: CORRECT as prices slipped lower for the next 11 days, but WRONG on missing the hike last Thursday.
Tuesday, June 27, 2017, 3:00PM: But it wasn’t much of a hike, and in some places, they’ve given it all back since Friday. You can buy gas for $2.17 in Wyoming right now, but still at $2.39 in many other places, such as Dorr. You know, we’ve had some odd behavior for two months now with odd hikes and a 20% drop in oil prices not corresponding to a 20% drop in wholesale or retail gas prices, even with a time lag. So, let’s predict some more odd behavior. In Wyoming, we are in price-hike territory already, but not in Dorr. And with a long holiday weekend coming up, I can envision Big Red getting all the prices back in line in the next two days. Back to $2.39, or will they go a little higher? -EA