Comment on the July 22 prediction: Absolutely CORRECT, as prices rose to $2.89 in Michigan on 7/24.
Sunday, August 11, 2019, 7:00PM: We’ve been enjoying declining prices, after the latest in Trump’s China Tariffs “War” sparked a decline in stocks and energy (and soaring gold prices). But, the decline stabilized at the end of last week. Using a Chicago CBOB price of $1.67 a gallon leads to an RBOB estimate of $1.71 and a price hike trigger of $2.33 or so. We are below that price in a variety of places in west Michigan, setting up a hike this week — $2.65? Maybe less than that. -EA