Saturday, September 14, 2019, Noon: Busy times at GVSU with our new president, so I have been slow to post to this site. Also, wholesale prices have been tame the past month, with the only surprise to me being the hike after Labor Day. I have a note that pops up for me every year at the beginning of September warning me to be careful about predicting hikes, because Big Red and their friends tend to have a gasoline clearance sale in September, anticipating the end of the summer gasoline blending season.
So, other than the hike on September 3, retail prices have been tame, while wholesale prices have worked their way lower. Consequently, we have prices as low as $2.22 today in Cedar Springs, and rumors of $1.99 farther away. I see $2.39 in Ada today. Given all that, and looking at wholesale numbers, we are setting up for a price reset this coming week, maybe back to $2.69. -EA