Sunday, November 23, 2014

Local gas now $2.77

Gas prices dropped to $2.79 only a few days ago.  Yesterday, the three stations down the street lowered their price one more notch to $2.77.  That didn't take long.  It's only a matter of time before the corner station joins them.  In fact, it may have done it this morning.

GasBuddy shows it was time for this move, as the Detroit average is currently $2.86.  A price drop was needed to keep the neighborhood outlets a dime below the metro average.

Prices look they'll continue to fall, as the national average is now $2.82 and falling.  However, the floor may be in sight, as WTI is back above $75 and Brent has climbed over $80.  Let's see if they manage to stay above these levels of support on Monday.

Stay tuned for the Sunday entertainment entry.

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