Comment on the February 23 prediction: Completely WRONG, as markets have been falling hard since then, including energy markets.
Wednesday, March 4, 2020, 7:45AM: Sparked by coronavirus fears, energy markets have fallen 10% in the past two weeks, mirroring a similar move in stocks. Retail gas prices have followed, and I think we are at a point where Big Red and friends are looking for an excuse to re-set and clean up prices. This morning, in west Michigan alone, we have a wide range of prices, from about $2 to the $2.40’s. With futures signaling a stock price rally this morning, I would not be surprised if energy prices followed, and then we get the re-set in the neighborhood of $2.39. Today, tomorrow, or Friday. -EA