Comment on the September 14 prediction: Pretty much CORRECT, although the attack on the Saudi oil led to $2.79 instead of $2.69.
Sunday, September 22, 2019, 3PM: A lot of cross-currents right now when it comes to predicting gas prices. We have new, growing tensions in the Middle East. Recall from more than a decade ago how war there led to $4 gas. On the other hand, we are at the end of the summer, which historically is a time for retail prices to drop, now until Christmas. Put it together, and despite the hike to $2.79 a week ago, we are still hovering around $2.69 in most places. Based on Friday’s market, prices could drop to around $2.55 until we get another hike. Best guess right now is that prices drop slowly until Wednesday or Thursday, and then there is a reset. -EA