Comment on last week’s prediction: Prices actually dropped to $2.39 by the weekend, making this prediction WRONG.
Monday, March 18, 2007, 4:30 PM: Last night, I’m thinking, “Well, I could predict a price hike for the third time in a row, and maybe I would be right this time.” I didn’t make that posting, but this time they did decide to go with the price hike. The situation I described last Wednesday had not changed, except that prices were down at $2.39 and lower around town this morning, so a price hike today fit the pattern. So, for the third time in five days, I bought 4 gallons to top of my tank, and this time it was the right thing to do. Predictions used to be easier when most price hikes were on Thursday and none were on Friday — one could get a decent read of things Tuesday morning and make a reasonable prediction. I sense a need to adjust my prediction methodology, after more than two years of price hikes occurring any day of the week. Sounds like a good project after final grades are in at the end of April.