Wednesday, October 15, 2003

After Mr. Big lost money on the Packers versus the Chiefs, he decided it was time for a rare Monday price hike. I checked with a source that wholesale prices in the area, with all the taxes in already, are at about $1.50 right now, so $1.69 is about at a margin of 20 cents. The $1.50 corresponds to an extra ten cents over NYMEX, which means the Chicago Summer Premium is still in effect. I don’t understand it, but I’ll keep this in mind going forward.