Wednesday, May 26, 2004

I’ve been down in Florida the past week. On DisneyWorld property, there are only Hess stations. I saw the price go up from $1.93 to $1.94 to $1.95 over a 2-day period. How bizarre to see price hikes of only a penny! Meanwhile, in New York, oil and gas wholesale prices have been bouncing around but, in the end, staying about the same. In Washington, I am now using the “Reformulated Regular Gas Prices” on the Department of Energy web site in order to estimate the Chicago Summer Premium. Put it all together, and you have a price hike to $2.19 coming down the pike tomorrow. It appears prices will drop substantially though after Memorial Day, but we’ll have to see how the markets behave the rest of this week before we can be confident about that. Well, can’t complain about no price hike, other than to say I was WRONG. Prices dropped below $2 around town by the long weekend.