Comment on the February 7 prediction: Hmmm. Shell (yes Shell!) hiked to $1.99 on Monday, which matches my prediction, but the rest of the crew took their time, many waiting until Tuesday and their hike was to $1.95. I’m not going to give myself full credit: 3/4 CORRECT, 1/4 WRONG.
Tuesday, February 17, 2009, 7:40PM: It is a busy, busy time for me, but I have a moment to drop in for a quick post. I saw a number of articles on the ‘Net this weekend about how oil has dropped, but gas prices are up. As I noted in my last posting, welcome to February. I drove back from Chicago on Monday afternoon and I thought I saw a $2.05 as I drove along I-94 near Benton Harbor. It was not my imagination, as Gas Buddies say Shell hiked to $2.09 yesterday, but few matched. There are still a few $2.09’s around, but for the most part, we are still solidly below $2. Since the stock and energy markets stunk up the joint, maybe we are free and clear for a few days. As of today’s close, NYMEX prices has us in a $1.64 to $1.85 range, while AXXIS has us higher, but they are always behind by a day. I’m going to cross my fingers here and predict no price hikes this week.