Futures up today

Tuesday, May 23, 2006, 2:15 PM: Last week, stock and commodity markets fell, including the prices of gasoline futures contracts. So far this week, these markets are stabilizing, and today they are rising … together. In fact, gas futures are up 7 cents today from yesterday. With prices dipping below $2.70 around town, they are hitting the 0-cent margin price (using the HB/RU average), so look for a price hike on Wednesday or Thursday, to somewhere in the neighborhood of $2.89. On Wednesday the 24th, prices rose to $2.89, so the prediction was absolutely CORRECT. After slipping over the Memorial Day weekend, prices re-set to $2.89 again on Tuesday the 30th.

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