Monday, March 22, 2004

We have the recipe for a price hike this week. Futures up again last week (oil at $38 a barrel), wide range of prices around Grand Rapids (from $1.63 to $1.77), and continued global unrest. I don’t know when the price hike will occur this week, but I predict we break the $1.79 ceiling we’ve been bumping against for a while, with a new price above $1.81. Prices rose to $1.83 on Tuesday the 23rd, so that was a CORRECT prediction.