Comment on the September 22 prediction: I resisted making a prediction. Prices did rise in Michigan, to $3.55, but it was not a consistent hike.
Tuesday, October 1, 2024, 4 PM: I spent the weekend at MSU, with no time for writing an update. During the weekend, I spotted $3.19’s along I-96 near the interchange with I-69. Those are two truck stops that compete hard with each other, and I suspect that they did not embrace the $3.55 hike.
But here we are this afternoon with new violence in the Middle East, leading to oil jumping more than 2%, back above $70. Of course, wholesale gas prices will follow quickly, and they will probably pass that along to consumers, maybe as soon as tomorrow. Combine that with the lack of enthusiasm for last week’s silly hike, and I think we are talking at least $3.59. I will fill up first thing tomorrow, just in case. -EA
The hike last week in Chicagoland stuck pretty well and with a 20c drop in wholesale this week we’ve got nowhere to go but down.
$3.39 hike attempt by Family Express in NW Indiana.