Exhibit A: Late 2015 Gas Prices Still believe in economic forecasting? Find me one analyst, less than 3 years ago, who got both or just one of the following right — and correctly forecast the economic effect of same: One. Wholesale gas prices will collapse. Retail prices (what consumers pay at the pump) will plummet more...Read More
Blast From the Past I’m old enough to remember not just when gas stations had actual, live attendants — but when gas was truly cheap, and competition for customers was such that gas stations on opposite corners would engage in price wars. Yes, price wars. At the extreme, you’d even see the stations’ signs attempt to lure...Read More
“Attention All Walmart Costco Shoppers!” Looks like gas prices just jumped 15¢ to 20¢ per gallon today. Which means that savvy Costco members head there to fill up — before Costco bumps prices tomorrow (it’s famous for lagging price changes by one day). P.S.: And yes, it lags price drops as well as price increases.Read More
$3.19 to $3.29 to $3.39 to ??? It seemed odd, at least to me, that Twin Cities gas prices were seemingly stuck at $3.19 a gallon even as turmoil in the Middle East spread and the price of a barrel of oil shot toward $100. The other shoe landed with a thud earlier this week,...Read More
