Comment on Friday’s prediction: Prices have been falling, but a bit slowly, and it is still $2.99 on Cascade! Let’s call this prediction a PUSH.
Tuesday, October 2, 12:30 PM: Nice to see wholesale prices continue their drop this week. This morning’s Chicago AXXIS quote is $2.11, giving us an 18-cent margin price of $2.76. (Again, 18 cents seems to be working right now to give the upper limit of a price hike.) No wonder gas is $2.60 in Cedar Springs! If we get a price re-set soon, price would actually drop in some areas. I’ve seen it happen before. So the prediction is a conditional statement: if there is a price re-set this week, the new price will be in the neighborhood of $2.79.