Month: July 2019

Looks Like A Classic Mid-Summer Hike Is Coming

Monday, July 22, 2019, 3:00PM: In RetailLand, we have a wide range of prices in West Michigan right now, from $2.89 in Byron Center to $2.36 in Sparta. In WholesaleLand, after dropping early last week, those prices have stabilized, and we have some new, apparently real tensions in the Middle East. So, we are setting up for a price reset soon, and right now it looks like the new price will be in the neighborhood of $2.89. Fill up Tuesday early! -EA

Back to $2.999. Thank you, Federal Reserve!

Comment on the June 23 prediction: CORRECT, as prices rose to $2.89. Then they went to $2.95 last week.

Wednesday, July 10, 2019, 3:30PM: So, I was going to predict a price hike this afternoon, but I see we have one to $2.99. Anyway, here are the comments I wrote earlier this afternoon to post:

The stock market is at new highs this afternoon, and there is a general feeling that the economy is doing well. But, manufacturing appears to be stagnating globally, and there are other signs that we may be heading into a recession. So, the Fed is making noises that it will cut interest rates, and today commodities like gold and oil are rallying. Oil is rallying enough that we moving into possible price-hike territory for local gas prices, on Thursday or Friday. Back to $2.95? -EA

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