Tuesday, June 29, 2004

Yesterday morning I was ready to predict a price hike, but then futures prices of oil and gasoline fell hard yesterday. Based on Monday’s closing prices, the 0-cent margin price (with an 8-cent Chicago Summer Premium) is $1.72. Also on my mind is that gas stations this month seem to have changed their behavior, from aggressive price hikes to aggressive price cutting. Speedway’s new 4% discount for their credit card also makes me wonder if we’ve now entered a more consumer-friendly period. So, I predict no price hike on Tuesday or Wednesday. As to Thursday, with the 4th of July weekend coming up, it seems a natural place for a price hike, but I’m not sure one way or the other about that. CORRECT — no price hike on Tuesday or Wednesday.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 1,755,256 bad guys.


This site uses Akismet to reduce spam. Learn how your comment data is processed.

TheGasGame.com (c) All Rights Reserved Frontier Theme