Comment on the July 19 prediction: Prices rose to $4.39 in Michigan on July 21, so the prediction was CORRECT.
Saturday, August 1, 2026, 4 PM: As you know, gas prices crept higher in July, with hikes to $4.29, $4.39, and then last Wednesday, $4.49. That last hike I almost posted a prediction for, but here was my thinking. Indications at the close of trading on Friday the 24th were that a move to $4.49 was in the cards. But the U.S. was playing another game of war-and-peace with Iran, and things were murky on Monday as energy prices started dropping. It was a turn higher late Tuesday that led to Wednesday’s hike.
For August in Michigan, I expect prices to remain elevated, and we might see $4.59 or $4.69, although no data suggests a price hike is imminent early in the week. In Indiana, however, the gas tax holiday they have enjoyed this summer is ending. Hoosiers are looking at a 60-cent super hike on Friday the 7th, unless some stations decide to price it in early. The new prices will be comparable to what Michiganders and Ohioans are “enjoying”.-EA
(Image: get it? A super hike!)
