Archive for March, 2009

Looking for higher prices not yet seen in 2009

Comments on recent predictions:  With a hike on a warm St. Patrick’s Day, the March 14 prediction was CORRECT.  Yesterday’s warning of a possible hike, labeled as a prediction, was WRONG.
Saturday, March 21, 8:45 AM:  Wholesale-wise, we are 10 cents higher than we were early in the week when we got a hike to $1.99.  [...]

Price hike today a distinct possibility

It is 7AM, and I am updating my spreadsheets.  We could see a hike today to $2.09 or $2.19, because wholesale prices went up yesterday.  Just be prepared.

Futher hikes may be coming…

As Speedway raised prices to $1.999 this morning, oil was busy having a rally of it’s own. The active April contract hit just shy of $50/bbl today, and tomorrow’s Department of Energy report may result in an extended oil rally (meaning higher gasoline prices).
The DOE report tomorrow is setting the stage for $50 oil. Good [...]

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Expecting a hike on Monday or Tuesday

Saturday, March 14, 2009, 3:00 PM:  Since the March 5 hike to $2.05, NYMEX and AXXIS numbers have bounced around but are basically where they were at on that day.  Patrick is reporting that wholesale prices around Chicago have been pretty volatile down and back up, and that would explain $1.73 in Fort Wayne and [...]

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