Comment on the June 23 prediction: We saw some nice drops in prices this past week, down below $3.30 in some places. The prediction was CORRECT.
Saturday, June 30, 2012, 8:30AM: Yesterday, due to some relief among speculators about financial events in Europe (which may be short-lived), and I suspect some Federal Reserve goosing of the markets, stocks soared. Of course, that means oil and gas wholesale prices soared, too. A barrel of oil cost almost 10% more by the end of the day versus the end of the day Tuesday, and Chicago wholesale prices jumped 18 cents. Dropping retail prices plus soaring wholesale prices equals a price hike coming Monday. (They wouldn’t do it today, would they?) Anticipate the new price to be in the $3.39-$3.49 range.