Today’s danger of a hike — low.

Comment on the May 27 prediction: There were places in the area where prices rose that Friday to $2.69, and other places where they didn’t. Then, the whole system spiked to $2.75 last week Tuesday. So, I’m going to say 3/4 CORRECT, 1/4 WRONG.

Wednesday, June 9, 2010, 1:00PM: Due to computer issues the last several days, I’ve been a bit unfocused on gas prices. So, time to re-group. Wholesale prices are starting to climb this week, after what looks like at least a short-term bottom in the stock market yesterday afternoon. That brings wholesale prices pretty much where they were when we had the $2.75 hike last week. At the retail level, we have the low $2.60’s in Caledonia and Lowell, and still a lot of $2.70’s around. I don’t think Speedway and friends will be compelled to re-set to $2.75 this week, unless something goes bonkers with wholesale prices tomorrow. So, the prediction is that we’re safe until Monday. — Ed Aboufadel

Updated: June 9, 2010 — 12:58 pm

1 Comment

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  1. With Friday’s disappointing retail sales numbers putting pressure on pre opening equity markets, hence Crude being down, we should be heading lower in wholesale prices, or at least stop the the climb

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