Here's what I wrote last night in The price advanced from the other front line.
[O]ne of the stations down the street advanced first and is now selling for $3.59, exactly what I expected when I expected it. Meanwhile, the corner station kept its price at $3.48.The corner station raised its price today, but not to $3.59. Oh, no, it was not content to see the rest of the neighborhood outlets. It had to raise the stakes by increasing its price to $3.79. That matched its high from a little over a year ago and actually put its price higher than a year ago for the first time this year, if not for the past four months. Good thing I filled up last night!
Right now, enjoy the gas war.I did, as I filled up at the corner station while I had the chance to do so. I expect its price to rise in the morning. Meanwhile, I'll have a full tank.
As for what I expect, it will be that the stations down the street will hold firm and the corner station will eventually retreat to the $3.59 I forecast. The station is well above the $3.64 average for metro Detroit. As for the national average, Gas Buddy shows it continuing its resumed climb, passing $3.45 today. If this continues, it will drag the local prices up with it at least one more time.