Comment on the December 17, 2017 prediction: Yes, there was a reset to $2.65. Then, after Christmas, another one to $2.75. CORRECT on the first one.
Monday, January 1, 2018, 6:00PM: Happy New Year to our readers! Thanks for checking in with us regularly. For gas prices, short-term, since we just had a hike late last week, prices ought to do their slow slide until we get back into price-hike territory. As far as fearless 2018 predictions, I’m sensing more volatility than in 2017, when retail prices pretty much stayed in a 40-cent range once we got to mid-February. Oil prices, currently at $60, have room to head higher, in part related to some new inflation due to a strong U.S. economy beings stoked by new tax-cut stimuli, and that will send gas prices up. I think we’ll see prices over $3 a gallon sometime this year, maybe as soon as this month or February. Stay tuned! -EA