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