Monday, June 23, 2003

Since peaking on June 11, wholesale gasoline prices have been drifting lower, and so have retail prices. With the 10-cent summer premium added in, the 0-cent margin price is $1.43, and the 20-cent margin price is $1.64. This morning, gas is selling for as low as $1.46. It seems clear that a price hike is coming this week. I haven’t any insight into whether it will be on Tuesday, Wednesday, or Thursday, but the new price will be about $1.63. I am astonished that there was no price hike, with prices getting as low as $1.35 on Monday the 30th. Color me WRONG!

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