Monday, February 17, 2003

I have a bad dream last night, where gas stations start quoting prices by the half-gallon, and I dream of prices like $1.20 a half-gallon. I hope that doesn’t happen soon. Speaking of happening soon, when do we start to read the letters to the GR Press, complaining about the price of gasoline? Oil futures went up again last week, but gasoline futures went down slightly, at least in New York. I don’t know if the same was true in Chicago. Prices are all over the place right now, with some Speedways down to $1.66, but other brands still at $1.79. I’m guessing they all reset to $1.79 on Tuesday or Wednesday. However, anything could happen if we start bombing Baghdad this week. Despite refinery fires and a spike in oil prices, I was WRONG about prices going up to $1.79.