Comment on the February 26 prediction: It was absolutely CORRECT, as prices rose the next day to $3.75. I’ve missed the past two prices hikes, though (3/5 and 3/12).
Sunday, March 16, 2004, 3:30PM: Let’s step back and look at the past several months. Retail gas prices have gone from $3.79 at the end of August to $3.03 (in Standale) at the beginning of December, and now in mid-March, we are back to $3.79. This has been pretty typical price behavior for the autumn and winter, although the weekly jumps since the beginning of February have been a bit harsh. What’s next? In 2012 and 2013, prices topped out in March and then stayed stable for a few months, and in the past two weeks, wholesale gas (and oil) prices have calmed. So, let’s hope we’ll stay below $4 a gallon at least until the summer. But let’s not call that a prediction. — Ed A.