Oil and gas wholesale prices were actually pretty stable last week, according to NYMEX. I’m really confused about the disappearance of the Chicago Summer Premium. Don’t get me wrong — lower than expected gas prices are great — but I’m wondering who is losing their profit here — the retailers, the refiners, or I don’t know who else? In addition, today we have gas prices ranging from $1.75 to $1.99 in town. So, I am finding this quite unpredictable right now. We’ll check back later in the week.
