The late summer tornado of price hikes is on!
… another price hike is on its way. Look for retail prices in the $2.72-$2.82 range Tuesday or Wednesday.
Spike highly probable Tuesday
Looking at the numbers, the averages here in the Speedway states are low compared to
Time for Friday fireworks at the gas pump
Using my formula, a price re-set would be in the range of $2.59-$2.64.
Too close to call
I hate times like this. I am 50-50 on whether we get a spike tomorrow.
Spike possible tomorrow, but not likely
The numbers suggest (with Indiana at -3 cents margin and Michigan holding on at 1.8
Coming up next, price re-set to $2.49.
We are at the point where rising wholesale prices are colliding with dropping retail prices, which means a price hike is on its way. I predict a re-set to $2.49 a gallon, except for the handful of gas stations still at that price.