Comment on the March 21 prediction: Prices rose to $2.09 on the 24th, so the prediction was CORRECT. We’ve seen slow drops since then.
Thursday, April 2, 2009, 2:45 PM: NYMEX is up 9 cents today, making me nervous about a price hike on Friday, back to $2.09 or maybe even higher. Yes, let’s make that a prediction.
Turning to diesel prices, I continue to monitor retail prices but I haven’t figured anything out yet. I will note that at my benchmark Speedway station on Lake Michigan Drive, prices dropped for weeks to get down to $1.92 on March 19, but three price hikes and a small drop, it is at $2.15. On my “to do” list for the summer is to see if I can figure this out.