Thursday, August 8, 2002

After yesterday’s price hike, to speculate as to what is next depends on whether to factor in the Chicago Summer premium. Without it, expect prices to drop over the next two weeks, down to $1.19 or so. With it, expect prices to drop to $1.29. NYMEX gasoline futures continue to drop in price. RIGHT? WRONG? I was in Cadillac last week, investigating gas prices there. Prices did not change the whole week! ($1.42 at the Clark station.) It doesn’t look like we dropped much in Grand Rapids, either.

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