Last week’s hike was suspect, the coming drop should not be

Comment on the October 29 posting: That wasn’t really a prediction, either, but prices did rise to $3.49 on November 2.

Wednesday, November 8, 2023, 2:00 PM: That hike last week to $3.49 was ten cents above what I had suggested. You can tell when the retailers are reaching by how the price hike plays out. The evening of Wednesday, November 1, I saw one of the first jumps to $3.49 at the Marathon in Standale. None of the other stations on our near Lake Michigan Drive followed suit until around lunchtime on Thursday and elsewhere in west Michigan, some stations kept their prices in the $3.20’s, all signals that $3.49 was too high.

And today, $3.49 is way too high. Oil prices have dropped to $75 a barrel this afternoon, and that will push wholesale gas prices into the $2.80’s very soon. Retail prices will feel gravity’s pull, so if you can wait a few days, you should be able to buy gas for $2.99 in selected locations. Skip those $3.49’s if you can! -EA

Updated: November 8, 2023 — 1:41 pm


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  1. I found gas in Edmore,MI for $3.11 the one big red station in that town that was $3.49, ended up changing back to $3.11 due to competition.

  2. Echoing what you said. We’ve seen several Speedways dropping 20-40c from Tuesday’ $3.69 hike around here (SW Chicago suburbs), aided by a 2 day drop in spot of 17c.

  3. We’ve only come down an average of 3 cents from the spike earlier this week.

  4. Much of the gas in the Greater Cincinnati Area is still at $3.259 to $3.299. You head down Kentucky to Hebron/Burlington and Florence and gas for under $3.00 is not hard to find, and for me it is worth the drive.

  5. Road trips and GasBuddy are a match made in heaven. Often time out fill ups at the best price in the state. Same for local supply runs. 4 small towns nearby my rural area. Guess which one gets the grocery money.

  6. Bearcat, been the case for at least a year. Hamilton, Butler, Warren and Clermont counties have been higher than the rest of Ohio, and Kentucky for a good while. And no good reason for it, either.

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