Monday, June 14, 2004

With gas prices dropping towards $1.80, it is pretty clear that a price hike is coming this week to the upper $1.90’s. The question is: which day? A little more than half the time, a price hike comes on Thursday, so that’s the most likely candidate. But pay attention if prices are reset on Tuesday or Wednesday. I am stunned by the WRONG-ness of this prediction. No price hike this week?! The set-up was perfect, including an uptick in futures prices. In preparation, I filled the tank for $1.79 Wednesday afternoon.

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