Friday, June 18, 2004

Did someone repeal the Chicago Summer Premium? Adding the premium in, and with a 20-cent margin, the retail price becomes $1.99. With stations below $1.80 in town, that’s a recipe for a price hike. Not that I’m complaining about lower prices. Nevertheless, I predict upper $1.90’s everywhere by the end of the day on Monday. The last time retail prices dropped below the 0-cent margin price was more than a year ago. Allowing this to happen again led my latest prediction to be one day early, i.e. WRONG.