Wednesday, June 30, 2004:

My crystal ball is very murky about tomorrow, so I’m not going to make a prediction. Here’s what we do know: based on current prices, the 0-cent margin price (with an 8-cent Chicago Summer Premium) is $1.72, and the 20-cent margin price is $1.93. There is at least one station in town selling gas for $1.74, but there are others in the upper $1.80’s. So, if there is a price hike tomorrow, for some stations, it won’t be much. If there isn’t a price hike on Thursday, then there won’t be one on Friday, Saturday, or Sunday either. Since I’m getting low on gas, I will be filling up late today, just to be safe. There was a price hike to $1.89 on Thursday.