Gas Price Fireworks

June 22nd, 2014 at 10:24 pm by under Bill's Blog, News, Weather

gas pump nbc chicago

Here’s the latest from Ed:  “Comment on the June 13 prediction:  Yup, prices went back up to $3.99, as predicted.  CORRECT.

Sunday, June 22, 2014, 8:45PM:  The stocks/gasoline connection has been weaker for a while now.  They used to move in tandem.  Lately, we’ve seen the Dow and SP hit new all-time highs, but gas prices here in Michigan remain (barely) under $4.  (All time high for gas in MI, according to my records: $4.29.)  But the recent rally in stocks may have something to do with keeping wholesale gas prices (e.g. NYMEX) at about $3 and the price to retailers at about $3.70.  With retail prices getting close to $3.70, I predict we are back to $3.99 soon, probably Tuesday, although it could happen Monday or Wednesday.  All in time for the holiday weekend coming up! –Ed A.

6 Responses to “Gas Price Fireworks”

  1. orlo says:

    Dang its 3 68 in paw paw better fill up

  2. AlleganJoe says:

    The Holiday Weekend…July 4th…is still 2-weeks away….perhaps the prices will come down some….yeah right…from 3.99 to 3.97.!! :(

  3. Great that’s just what we need. Higher prices.

    1. AlleganJoe says:

      Yeah…5 gallons of gasoline for $20.00. :( :(

  4. Jack says:

    How Much is TAX,on a Gallon of Gas ??? Hmmmm, CUE::: Stay CUEDD,,,, GAS TAXES are Going to GO UP ,,,, To Fix our ROADS SUPPOSEDLLY sheeezzzz….. :-(

  5. jim says:

    Feds are looking at raising taxes and mich your car that gers 40 mpg will cost u as much for gas as ur old 17 mpg car did

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