Thursday, July 18, 2002

At 8:30 this morning, the Marathon in Standale raised its price from $1.43 to $1.53. I expect others will soon follow, so I filled up down the street for $1.43. I was beginning to worry about the 7/16 prediction last night when I saw gas priced at $1.38 per gallon near Fifth Third Park. Predicting gas prices this summer has been tricky, kind of like figuring out when the stock market will bottom. Recent price behavior suggests that the gas stations, Marathon in particular, are being more aggressive about their margins right now.

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