Saturday, August 16, 2003

After Thursday’s price hike, my initial guess was that there would not be another price hike this coming week. Then the blackout hit, and in the futures market, although nothing has happened to oil prices, wholesale gasoline prices for August have spiked. Adding to that, news in the GR Press this morning that gasoline from West Michigan is being shipped to Detroit because of the blackout, and you can see that there is a reasonable chance of another price hike in the next 96 hours. That’s not a prediction, though. How about some advice: keep your tanks full just in case. Prices reset to $1.75 on Thursday morning, so I hope you followed by advice.