More price drops ahead, and maybe a re-set to $2.79

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.

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