Comment on Monday’s prediction: Pretty much CORRECT, as prices rose Tuesday, but I think they pulled their punches with $2.65.
Thursday, August 31, 2017, 4:30PM: The severe flooding in Houston is creating supply shortages in the gasoline market. That, combined with end-of-month contract expiration shenanigans, has led to a big spike in NYMEX prices today, and I am waiting for end-of-day information from Chicago, but at lunchtime, CBOB and RBOB were up several cents. Maybe they’ll surprise me and keep prices at bay through the holiday weekend, but I doubt it, and I predict another hike on Friday or Saturday. $2.79? Higher? -EA