Monday, September 8, 2003

The price hike two weeks ago, to $1.88, corresponded with a spike in wholesale/future prices. Since then, those prices have dropped like a rock, but retail prices are taking their time. With the 10-cent Chicago Summer Premium, the 0-cent margin price today is $1.41, and the 20-cent margin is $1.63. Since prices are still above $1.63 everywhere, expect further price drops this week, and no price hike. Very, very WRONG! Prices hiked to $1.79 on Thursday, September 11.

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