Comment on the November 24 prediction: Pretty much CORRECT, as prices rose soon after to $3.29, except for some stations that shrugged and said no.
Sunday, December 8, 2024, 7 PM: Looks like we are pretty much back where we were with my last posting before Thanksgiving. Wholesale prices continue to flatline and retail prices continue to drip lower. The Syria news doesn’t seem to be having any immediate effect on oil traders. So, expecting a reset again in the next few days, maybe just to $3.19 this time, but $3.29 would not surprise me.
Historically, gas prices bottom out in December before beginning a climb in the new year. Are we at the bottom, or will it be later this month? -EA