The March gas price ramp is here!

Comment on Wednesday’s posting:  AXXIS jumped 15 cents from Wednesday to Thursday, so we got a price hike on Friday to $3.35.  My prediction was WRONG.

Friday, March 7, 2008, 12:45 PM:  On Wednesday, I asked, “Isn’t the annual March ramp of gas prices coming soon?”  Looks like it has started today!  At about 9AM this morning, I exited off I-196 West at 28th Street, and saw the Shell there at 28th and Wilson had the new $3.35 price, while the BP across the street was still at $3.12.  You know what I did — my tank is full of $3.12 gasoline.  Looking ahead, AXXIS is up another 9 cents today, and the difference between NYMEX and AXXIS has been pretty much eliminated within the past 36 hours.  Another price hike on Monday?  I don’t know.

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