Comment on the March 16 prediction: After I filled up Wednesday morning, prices rose Wednesday afternoon to $2.89, but not $2.99. Pretty much CORRECT!
Friday, March 26, 2010, 4:00 PM: Since the last price hike a week and a half ago, wholesale prices have been drifting lower, while retail prices have held relatively firm in the $2.80’s, except for the gas price war in Allendale, where prices are in the low $2.60’s. I expect some price drops around town over the weekend and into next week, and then the crystal ball gets foggy. It might depend on the stock market. One more run towards Dow 11,000, and I think we’ll see another shot at $2.99 a gallon. If not, I’m not so sure. The low risk choice is to fill up the next time you are in Allendale. — Ed Aboufadel