With the Chicago spot falling 25 cents since the 17th, and average prices falling only 13 cents, there is still plenty of room for stations to keep dropping their price. Margins are right around 12 cents, as well. We should be seeing a mid-$2.50 average by the end of the weekend, and some spots dropping into the $2.30s in Indiana and Michigan.

As I write this, Michigan and Indiana are very close to dropping below the national average for the first time since the 18th of May for Indiana, and all the way back to the 18th of April for Michigan. I have started updating the Facebook account again, and I predicted on Wednesday that we should pass the national average Saturday in the $2.55-2.60 range. We are very close to seeing this happen.

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