Comment on the May 17 prediction: No hike in two weeks, so the prediction was CORRECT.
Sunday, May 31, 2026, 9 PM: I wanted to wait until the Sunday evening markets opened to post. Oil futures have been falling since the 19th on the belief that hostilities with Iran are winding down, but this evening, the Wall Street Journal reports “Oil Rises Amid Few Signs of Strait of Hormuz’s Reopening”.
However, we’ve had such a free fall in wholesale gas prices lately that I estimate the 0-cent margin price to be just south of $4, and prices in Kent County are headed that way. Is it really $3.85 on Alpine Avenue?
So, what’s next? Short term, $4 should continue to be a magnet for retail prices. That’s a prediction.
But I’m concerned about where we are going this summer. Several sources, including Yahoo Finance, have been reporting that the global supply of oil continues to decline, and “Governments and private-sector companies around the world have steadily drawn down their [oil] inventories.” Pulling oil out of storage has put a lid on future prices, but this dynamic can’t continue. We could see retail prices get to $3.99, and then work their way back to $4.99 in July, even if Hormuz reopens. That’s not a prediction, yet, and we’ll keep an eye on it. -EA
The speedway on alpine that’s listed at 385 is currently getting new pumps and doesn’t appear to be open even though the app says their open.
If anyone travels north of GR to newago the new J&H station is open and keeping stations their very competitive $4.11/gal
$3.25 in Daleville Indiana. State taxes suspended for around another week. Topping off everything.
$5.99?
looks like IL should avoid a hike until next week. Speedway’s still making decent money here.
As expected <4$ prices popping in sw Chicago Metro.
Depending on where in Ohio, we jumped to anywhere between $3.999 and $4.499 yesterday. Columbus area seems to be hit the hardest.