Price hike to $2.89 coming … oops … it just happened

Comment on last week’s prediction:  The prediction was CORRECT as prices got down below $2.70 in several places.

Monday, August 13, 2007, 1:45PM:  I started to wonder about a looming price hike to $2.89 when I saw gas for $2.68 on Sunday, but I didn’t have time this morning to post a prediction.  Patrick posted a nice warning.  A prediction this morning  would not have been helpful, as prices have just jumped to exactly $2.89.  It is starting to appear that to get a good fix on wholesale prices, take about 10 cents off of the AXXIS price for Chicago.

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