The last of $1.XX gasoline? Probably. Fill ‘er up! Hike soon.

My little crystal ball is telling me that $1.XX gasoline is not going to last but another day or two. Current prices as low as $1.86 should be as low as we get. Wholesale prices have risen- for both gasoline and crude oil. As Bill Steffen could tell you, we are going to be seeing VERY cold air dominate much of the U.S., and you know what that means? More oil usage to heat those homes in the Northeast. We are back up to 1.41 for a gallon of wholesale gasoline, up from 1.35 last week.

Fill up today, or FIRST thing tomorrow. I’ll be looking for $2.09. Could be a few cents more, but I honestly don’t think we’ll see lower than $2.07.

Get that gasoline tanker out, fill it up! With this cold weather lasting, and then Spring right after that, I really don’t see us back under $2 this year unless something significant were to happen. Sad, I know. Enjoy it.

$2.09 tomorrow or Thursday.

~Patrick

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