Month: September 2017

Anticipating Shenanigans on Friday or Saturday

Comment on the September 13 prediction: Pretty much CORRECT, with prices in the $2.20’s this week.

Thursday, September 21, 2017, 9:30PM: The headline late this afternoon screams, “Chicago Spot Gasoline Soars on Aggressive Refiner Buying”. Soar might be too strong a word, but wholesale prices are up tonight, enough that we are in danger of a price reset on Friday or Saturday. Low prices in places like Jenison will tempt Big Red. I advise filling up Friday morning, predicting a reset in the neighborhood of $2.59. -EA

Harvey, Irma, Joel, Katia, and now Lower

Comment on the August 31 prediction: The hike didn’t kick in until after Labor Day, but it was $2.79! 25% CORRECT?

Wednesday, September 13, 2017, 8:30PM: I’ve been waiting for markets to settle down post-hurricanes for this latest post. As horrific the damage from Harvey and Irma, it could have been worse, and our gasoline infrastructure appears intact. So, wholesale prices have been working their way lower, and at some point soon, retail prices should follow. In the Grand Rapids area, look around for under $2.50, which you will find in Wyoming, and I think we could possibly see $2.29 somewhere by Monday morning. -EA

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