Thursday, February 5, 2004

On Monday, the price of oil spiked temporarily to $35 a barrel. This morning, it is back to $33. Looks like Mr. Big at Speedway either panicked or got greedy, but first thing Tuesday, the price of gallon of gas was $1.76. This price hike isn’t holding, and already you can get a gallon of gas for $1.66 around town. I predict the price will continue dropping through Valentine’s Day … unless it drops too much too soon, and then they’ll raise prices on Feb. 12 or so. I’ll keep monitoring prices and report again next week. For now, I’m driving on a quarter tank. That prediction was recinded by the next entry.