Comment on the April 30 prediction: Basically correct, as we haven’t seen a hike since then, and prices have dipped down near $3 in most places in the region.
Sunday, May 11, 2025, 8 AM: Happy Mother’s Day! Lately, the push-and-pull on gas prices has been a mix of lower oil prices ($60 a barrel) vs. summer gas formulation and demand. The result in west Michigan is retail prices near $3, except in certain places, such as my drive to work along Lake Michigan Drive, which held above $3.30 all last week. Along that strip, the usual low-price leaders have not led.
With an uptick in wholesale prices on Friday, I think they are itching to get back to $3.39 across the board, and I predict they’ll try that soon. Whether it will be a “powerful” hike embraced by all or a “shallow” attempt (Hello, Marathon?) is unclear at the moment. -EA