Comment on the May 5 prediction: Prices dropped slowly that week, as CORRECTly predicted, but then we had a pair of hikes to $2.99.
Monday, May 27, 2019, 11AM: Where has this month gone? We’ve been bouncing around between $2.69 and $2.99 here in Michigan, while last week’s action in the futures markets suggest lower prices ahead. On Thursday the 23rd, oil prices dropped considerably, and in a sign that this would help gas prices go lower, Valero stock went down 6%. I think we’ll see retail prices trend below $2.70 as the week goes on, which is already the case in Comstock Park, and that will get us to the end of May. -EA