WZZM news Sunday

I was contacted by WZZM-13 last late week regarding gas prices, and some of you saw me on the news on Sunday. In preparing for the interview, I did a review of what has happened the past five years in March, and a pattern emerged. In four of the five years, we had a ramp up in prices starting in mid-February, and lasting to about the end of March. I think this has to do with refining capacity dropping this time of year due to maintenance. This year, the switchover to gas without MTBE is another factor which has caused all the price hikes. So, starting around 02/15/07, I’ll be the price-hike predictor for a month.Though the futures are off 3 cents this morning, that price hike to $2.65 last week has disappeared in many places, so we could easily get a price hike to $2.69 by Wednesday. Consider that a prediction. I’ll also predict that, unless we get some unforseen natural disaster or war, prices will be lower in April and May. I got sucked into the multiple price hike hysteria; the prediction of a Wednesday hike was WRONG.

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