Gas Price Going Down

December 17th, 2012 at 4:21 am by under Bill's Blog, News, Weather

  Here’s the latest from Ed:  “Comment on the December 3 prediction:  Soon after the prediction, prices rose to $3.49 in Indiana, $3.55 in Michigan.  That prediction was correct.

Friday, December 14, 2012, 8:00AM:  I was planning to post on Wednesday night, but then I updated my spreadsheet and the Chicago CBOB spot was quoted down 17 cents from Tuesday.  Since nothing else on Wednesday night (price of oil, other wholesale gas quotes) were consistent with this drop, I thought that Bloomberg might have an error with their quote.  But, last night the quote was still at that level, so I have to conclude that the cost to retailers has dropped again this week, to about $2.92 here in West Michigan.  Although the lowest price in the Grand Rapids area being $3.11 this morning (on Fuller St.), now we could drop below $3 at a few places in the area, and that’s my prediction for Monday or Tuesday.  Thinking ahead the next four to six weeks, gas prices are usually the lowest of the year around Christmas, so enjoy these prices while we can. –Ed        Bill adds:  I saw gas for $2.99 last week in KY and TN and $3.05 in western Ohio.

5 Responses to “Gas Price Going Down”

  1. Travis (Oxford, MI) says:

    “Those greedy oil companies…” Oh wait, prices are falling like a rock.

  2. Scott (Hartford Van Buren Co.) says:

    I just got an update from GasBuddy calling for a hike here up to $3.35

    1. TJ says:

      Hiked to $3.35? Wow- we haven’t even gotten below that here in the White Lk area. Still waiting for Diesel to get under $4 too- wouldn’t that be nice. Go 25 miles north to the little town of Pentwater and both fuels are 25-30 cents cheaper and the gas comes from the same terminal in Muskegon.

  3. bnoppe(Albion) says:

    I got the same email 48-72 hrs to a hike,, man gas is like the stockmarket you have to know when to play it

  4. Amanda Gerhardt says:

    Gas is $3.05 in Cedar Springs right now

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