Prices slightly lower

NYMEX prices have gone down the last few days, and the end of the March contract seemed to have helped, too. This morning, we are looking at wholesale prices of about $1.87. That corresponds to a 20-cent margin price (with no Midwestern premium tacked on) of $2.61. With the recent fudge factor of about 8 cents due to living here rather than elsewhere, we get a range of $2.48 to $2.69. Low price in town this morning is $2.60. So, I see more room to fall and don’t see a price hike coming today or tomorrow. By Thursday, of course, the situation could be very different. I was CORRECT about no price hike on Tuesday or Wednesday, but didn’t have time to post before the price hike on Thursday to $2.79.

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