Hike coming Monday or Tuesday, with more to follow

Comment on the January 27 prediction:  Prices jumped on January 29, so that prediction was CORRECT.  My crystal ball was too foggy last week to make a posting.

Saturday, February 9, 2008, 4:45 PM:  Big jumps on NYMEX on Friday means a price hike is coming on Monday or Tuesday, in the neighborhood of $3.09 again.  Then, I’m worried about the next several weeks, as the April NYMEX RB contract, which affects March prices, is 16 cents ahead of the March contract, signaling higher prices in March.  That is typical when you consider the history of the past few years.

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