Comment on the January 31 prediction: They held out to Monday, and then prices rose to $2.39. CORRECT!
Sunday, February 24, 2019, 1PM: I’ve been reading a scifi novel this month called Hellhole, which features an evil empire whose fight song is “Strike Fast! Strike Hard!” Feels like this has been the motto of gasoline retailers this month, raising prices twice in surprising fashion, given the margin calculations. I’m starting to think that Big Red is trying to stretch profit margins, which it attempts once or twice a year to do, usually without any permanent damage. For the last two hikes, prices were about a nickle ahead of the 0-cent margin price I calculate, rather than right at it where hikes usually occur. They are about a dime away today, so by Tuesday we should be back in price-hike territory, and I will fill up. Also, don’t forget that Jan-April is usually a festival of hikes, after prices bottom out in December. We are right on form this year. -EA