Monday, April 21, 2003

Futures prices rose sharply last Thursday in anticipation of this Thursday’s emergency OPEC meeting, and my calculations indicate the floor for gas prices this week is $1.40. At some places right now, the price is $1.47. I predict prices will fall for another day or two, to around $1.42, and then a price hike this week to about $1.61. At some places around time, prices fell to $1.40. Then on Thursday, prices reset everywhere to $1.55, a little less than I expected, but I was pretty much CORRECT.