Tuesday, February 1, 2005

Despite some hopes and predictions, we’re back to oil being close to $50 a barrel, which had driven up gasoline prices so far in 2005. This morning, the 20-cent margin price on gasoline is $2.05, while the cheapest gas in town is $1.94 down on 44th street. Once that difference is 10 cents or more, a price hike becomes more likely. So, I suspect they’ll raise prices above $2 again on Thursday, although I’m not feeling certain about this prediction. And my lack of certainty was confirmed by no price hike on Thursday. Honestly, if they had raised prices, I wouldn’t have taken credit, so I’m not going to take blame.

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