Are we going back to $2.09 or higher on Friday?

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.

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