Comment on the January 21 prediction: CORRECT, as prices reset on January 23.
Sunday, February 11, 2018, 8:30AM: Whatever lightswitch that affected stocks the weekend of January 27-28 did the same in the energy markets. Oil has come down from $66 to $59 per barrel that past two weeks, and wholesale gas prices have started to follow, putting my $3-a-gallon-in-2018 prediction in jeopardy. That’s OK. You can already see this playing out in the Grand Rapids area, where prices have dropped in certain areas, as low as $2.39 in Comstock Park. But still in the $2.60’s in Standale. Your strategy this week is to not pay more than $2.49 in west Michigan. A hike this week would be a surprise. – EA