Friday, February 27, 2004

If there is a silver lining in yesterday’s price hike, the $1.79 price is at the 20-cent margin rather than a 25-cent margin. But that tells you that futures keep climbing. And between yesterday and today, they are up another two cents. It is too early to say what is going to happen next week, but don’t be surprised by another price hike, above $1.79. I’ll update on Tuesday.