Comment on the December 29 prediction: No hike as we moved into 2020, so the prediction was CORRECT.
Sunday, January 5, 2020, Noon: The military action last week in Iraq (but involving Iran) was serious, and during our last hot war in the Middle East more than a decade ago, gas prices rose to over $4. However, it is premature to declare that World War III has started, and when it comes to predicting gas prices, our job on this site is to usually just consider the next few days. Energy prices rose on Friday, but not in an insane way, but it has moved us nearly into price hike territory. It looks like we land in the neighborhood of $2.69 on Monday or Tuesday. -EA