Yeah, this has the potential to get ugly this week

Comment on February 9 prediction: We did get the hike to $3.09 as predicted. CORRECT. There was another price hike to $3.19 on February 18.

Tuesday, February 19, 2008, 8:45 PM: I am probably the last to the party to make this prediction, but let me agree that there will be another price hike soon. Oil is back to $100, and we’ve got the switchover to summer gasoline looming. If I didn’t know about AXXIS prices, I would use NYMEX to predict a hike to $3.46. However, NYMEX prices have been pulling ahead of AXXIS prices lately, so the new price could be just $3.29. So, I’ve provided a 17-cent range for a price hike, but the bottom line is fill up Wednesday morning for $3.19 or less. Gas is $3.12 in Wyoming right now.

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