Comment on the April 31 prediction: No hike the past week, which is what I was suggesting. CORRECT.
Sunday, May 7, 2023, 2:30PM: Oil is down $5 a barrel the past week, as these scattered bank collapses are rattling energy investors. NYMEX gas has followed, down 13 cents a gallon. And we are seeing some nice prices in west Michigan, including $3.17 in the Jenison and Hudsonville area. Prices are as much as 40 cents higher in other parts of Kent County!
If oil turns around a bit this coming week, I expect those $3.17’s will reset to $3.39. It would be nice if the $3.59’s dropped to $3.39, too, but that’s not how the Game usually works. So, fill up tonight if you can. -EA