Comment on the August 10 prediction: $2.99’s did start to pop up late in the week, so the prediction was CORRECT!
Sunday, August 17, 2025, 5 PM: For months, we have seen in Michigan prices drop below $3 for a bit, only to reset back to $3.39. In the backdrop is oil bouncing around in the upper $60’s a barrel, and wholesale prices maintaining a floor of $2 a gallon. In other words, the lack of volatility in the wholesale market has translated to a relatively narrow range in the retail market.
But there are two factors that might maintain retail prices below $3. First, oil dropped below $63 last week, and you would push wholesale gas prices below $2. Second, we are getting to the point in the summer where the retailers start to be less aggressive, trying to manage their “summer blend” inventory. On the other hand, we have been in “reset to $3.39” mode for nearly five months — why stop now?
The math only takes you so far, and I have to go with my instincts. No hike this week. -EA
$3.39 this morning? Booooooo!
I’m glad I bought some gas Monday night. The time has come to do the opposite of what makes the most sense.
$3.49 in NW Indiana. Seems NW Indiana and Michigan have been on the same schedule.
South Bend IN – After a number of stations going up .20 to $3.39 last week everybody but 1 seems to be back to where they were.
Now there is this though:
https://www.msn.com/en-us/money/companies/flooding-from-heavy-rains-creates-issues-at-the-bp-whiting-refinery/ar-AA1KPtwk
Well according to Patrick DeHaan (Gasbuddy Guy) on Twitter and Blue Sky ALERT: MI, IN, OH, WI, IL likely to soon see #gasprices rise 15-30c/gal while Chicagoland could see 25-50c/gal increases due to storms/flooding impacting BP’s Indiana refinery.
Rack prices shot up 25-30 cents yesterday. Expect a spike soon, due to the BP outage.
South Bend IN – Family Express & only a couple of others went to $3.49 yesterday. Costco $2.99. 2 Speedway by ND at $3.19 & $3.15.
Ya, there was ~ 7″ of rain in LaPorte between SBN & Whiting.
South Bend IN – All 3 Family Express now back down to $3.29. lol