Still no rush to fill up — maybe later this week?

Monday, September 14, 2015, 2:30PM:  I know, it has been too long since my last post, but what I am supposed to post everyday — “Expect prices to fall?”  What a crazy time it has been, as prices soared on August 12 and have been in free-fall for a month.  Here’s the current setup:  based on a midday quote of Chicago CBOB to $1.38 a gallon, I estimate the price-to-retailers to be about $2 a gallon here in Michigan.  We are down to $2.07 in Sparta today, and $2.29 in a lot of places, so we *still have room to fall*.  I know there are $1.99s and lower elsewhere in the Big Ten region — let’s see it here in the Grand Rapids area!  Looking ahead, we could see some volatility later this week, due to the Federal Reserve meeting, and that could lead to a price reset at the end of the week.  But it is too early to say, and we should be safe through at least Wednesday. — Ed A.