Comment on the November 11 posting: Further retail drops, as predicted. CORRECT.
Sunday, November 18, 2018, 5:00PM: In the past week, oil prices fell nearly 10%, wholesale gas prices not so much, but retail prices keep trying to find a floor. This evening, a gallon of gas is $2.16 on Alpine Avenue, northwest of Grand Rapids, which sits below what I calculate as the 0-margin price: $2.29. Because retail prices are all over the place (as high as $2.51 elsewhere in GR), I would not be surprised if Big Red and others decide on a pre-holiday price hike this week, to reset everything to $2.49, which is still wonderfully less than the over $3 prices we saw at the beginning of October. Best strategy is to fill up on Alpine on Monday. -EA