I smell a price hike coming.

Comment on last week’s prediction:  Prices fell to $2.10 or lower pretty much everywhere, and we are seeing $1.99 and lower in places, so the prediction was CORRECT.

Tuesday, January 16, 2007, 10:00 AM:  Good morning.  I am seeing Speedway prices in the range of $1.99 to $2.11, the 20-cent margin price as of Friday’s close is $2.16, and there’s no indication of any drop in prices this morning.  We have a recipe for a price hike in the $2.15 to $2.19 range.  It might be in the next hour, which doesn’t make this posting very useful, but if not today, then definitely Wednesday or Thursday.

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