Tuesday, July 27, 2004

In many parts of town, the retailers continue to give us a break on gas prices, with prices as low as $1.65 this morning. Yet, futures prices have stayed about the same for a few weeks. So, it is clear to me that we get a price hike this week, and I wouldn’t be surprised if it happens today. The new price will be in the upper $1.90’s. Only a few hours after my posting, gas prices went up to $1.95 or so, so the prediction was CORRECT, but was it helpful?

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