Expect prices not to fall this weekend; perhaps another hike on Monday?
Friday 09 Mar 2007 | Posted By Ed Aboufadel | Predictions
Friday, March 9, 8:00 AM: Just a quick note while on the road. The hike to $2.59 could have been worse, based on wholesale prices earlier this week. On GrandRapidsGasPrices.com, I posted a quick note Wednesday night predicting the hike yesterday, but I thought we would see $2.65. Based on yesterday’s market action, the 20-cent margin price is $2.67 this morning. So, unless something dramatic happens on NYMEX today, expect another hike on Monday to perhaps $2.69.
