Lower into the weekend, cautious about next week
Friday 15 Sep 2006 | Posted By Ed Aboufadel | Commentary
Friday, September 15, 2006, 11:45 AM: When NYMEX prices continue to go lower, you just sit back and watch retail prices follow. Based on current prices, I estimate the 0-cent margin price to be $2.10 and the 20-cent margin price to be $2.31. Low price in town at the moment is $2.18, so we have room to go a bit lower. Are we setting up for a price hike next week? At this point, it looks that way.
