Comment on the April 5 prediction: On April 6, prices rose to $2.95, so the prediction was CORRECT.
Wednesday, April 21, 2010, 1:00 PM: Since the last price hike, wholesale and retail prices have been pretty stable, so there hasn’t been much to comment on. We still have some $2.95’s in town from the April 6 hike, and in Lowell, prices are down $2.76. Price hikes in 2010 have re-set to prices below my 20-cent margin calculation, which tells me that the retailers, particularly Big Red, are doing all they can to keep prices under $3 a gallon. Looking ahead the next several days, there’s nothing obvious to predict. If we get a re-set, it will be in the $2.95-$2.99 range I believe, but I don’t know if we will get one. — Ed Aboufadel