Comment on the December 17 posting: CORRECT that prices kept sliding, down in the $1.80’s in certain parts of west Michigan.
Saturday, December 29, 2018, 4:00PM: Let’s be clear about what has happened this fall. On October 1, oil was $75 a barrel and today it is $45. This has led to retail gas prices moving from over $3 a gallon to under $2. This is remarkable! Looking at the new year, because retail prices are all over the place, and we’ve seen a slight rebound in wholesale prices, I suspect Speedway and friends will do a system-wide reset, but we’re only talking something like $2.19 or $2.29. Then, if seasonal trends hold, prices should start moving higher during the first half of 2019 … but I wouldn’t count on it. Happy New Year, everyone! -EA