Comment on the June 4 prediction: Prices rose as predicted to $3.99, some on Thursday last week, some on Friday. CORRECT.
Friday, June 13, 7:30AM: Just getting around to updating my spreadsheet, it looks like we have a price hike coming today or Saturday, thanks to civil turmoil in Iraq. Wholesale gas prices jumped at least 8 cents a gallon yesterday, and the only question is whether we break $4 or not. If we do, I can’t see it being any higher than $4.09, but the retailers might reset just to $3.99 again, because it looks better. Fill up this morning, like I did. — Ed A.