Monday, June 30, 2003

By my calculations, retailers are currently breaking even by selling gas for $1.41 a gallon. This includes the 10-cent summer premium. So, I don’t understand how, on the south side of town, gas prices are $1.35 or so right now. Given that, and with the a big 3-day weekend coming up, we have a nasty price hike coming, probably Tuesday morning, and probably to $1.63 or so. This prediction wasn’t worth getting credit for. There was a price hike on Tuesday, to $1.58 or so. It seems that lately, the 10-cent summer premium is just a nickle.

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