Comment on the July 5 prediction: The prediction was for prices to rise to $4.29 or to drop into the $3.59 range. Instead, we got this weird reset to $3.99, which saw some stations raise their prices by, oh, 3 cents. The prediction was completely WRONG.
Sunday, July 12, 2026, 7 PM: This is another Sunday when I wanted to wait until some of the trading markets opened up, given that the war with Iran is back on this weekend. At the moment, oil is at its highest level since mid-June, when we saw prices clearly above $4, and my favorite Costco is at $3.95 this evening. Costco’s price tends to be the floor, so I will once again predict that we are heading to the neighborhood of $4.29. Unless, of course, we get a cease-fire before the stock market opens at 9:30 tomorrow. -EA
