Tuesday, January 18, 2005

Oil and gasoline wholesale prices continued their rise late last week, and again this morning. I suspect this is connected to the upcoming Iraq elections, but the upshot is that I’m pretty certain that there is another price hike coming between now and Thursday afternoon, to at least $1.99, but maybe higher. Basically CORRECT — we had a price hike on Thursday, but not as high as I thought, just to $1.95.

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