Spike highly probable Tuesday

Looking at the numbers, the averages here in the Speedway states are low compared to the Chicago spot’s break even price. This is due in part to the biggest climb in one day for wholesale in quite some time, 13 cents on the NYMEX, and 16 cents in the Chicago spot. Friday they went up again, and today is already up by 5 cents.

We may receive a late day spike today, and most definitely will see one by the usual time tomorrow morning. I see $2.70s being widespread, and some $2.80s being possible depending on what the markets end at today.

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