Monday, August 11, 2003

Retail prices have dropped as low as $1.56 since jumping to $1.69 last Monday. If you think last Monday’s price hike was a fluke and that there is no Chicago Summer Premium to speak of this summer, then the futures prices say that there will be no price hike this week. However, if you think that the 10-cent premium is back, then there will be a price hike this week, back to $1.69 or higher. As for me, I’m predicting a price hike this week and filling up Tuesday morning. On Thursday morning, prices jumped, with the Marathon in Standale showing $1.69, so the prediction was CORRECT.