Comment on the November 16 prediction: Prices rose the next day to $2.65, so the prediction was CORRECT.
Tuesday, December 1, 2009, 3:00PM: My frequency of postings has dropped to twice a month this fall, so I will try to get back to the weekly postings that are my goal. What’s going on today? We had a hike on Friday to $2.59, except along Lake Michigan Drive, where prices were at $2.61, and remain there. It hurts that Citgo and Rich are closed. This afternoon, there are still a lot of $2.59’s, but gas is $2.40 in Lowell. After a drop in wholesale prices last week, those prices are climbing this week, and I forsee a hike to around $2.69 by the end of the week. That’s a prediction. What is troubling is that prices are usually the lowest of the year in December, so unless we get a big drop soon, we could be in trouble in February. — Ed Aboufadel