Wednesday, May 12, 2004

Oil and gasoline futures are at it again. As I write this, oil is almost $41 a barrel, and wholesale gasoline is $1.34. That works out to retail price of $2.09 or so. There’s a lot of places where the price is $1.97 — would they hike prices 12 cents tomorrow? I’m bailing on this one — you decide. I did fill up today, though. Wow, they actually did the second price hike in one week, on Thursday, to $2.13.