Comment on last Tuesday’s prediction: We got a hike the next day to $2.65, so the prediction was CORRECT.
Monday, February 8, 2010, 1:15PM: Wholesale prices got whacked late last week, so retail prices should follow this week. It is already $2.57 in Allendale, but we have room to go a lot lower, unless those wholesale prices turn around. A complicating factor is that historically we’ve seen prices rise in February and March as the turn to summer gas formulation can create supply disruptions. But for now, the prediction is no price hike this week. — EA