Monday, August 9, 2004

You are probably hearing on the news about oil prices hitting all-time highs. Wholesale and retail gasoline prices aren’t, though. Someone on TV said the gas stations are afraid to raise prices too much — can that be true? Whatever it is, since wholesale gas prices aren’t surging, neither is retail prices. What that means this week is that if there is a price hike, it will go back to $1.99 or so again. I can’t tell if there will be one or not, but I will speculate right now that gas prices won’t go over $2 this month. When there is too much attention to a surging market, in this case oil, it usually starts dropping. We’ll see if I’m right, but I won’t be doing another posting until the end of the month. There was a price hike on August 12, to $1.99, so that prediction was CORRECT. There was another price hike on August 18, to $2.03, so my speculation about staying under $2 was WRONG.

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Your email address will not be published.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 1,755,023 bad guys.


This site uses Akismet to reduce spam. Learn how your comment data is processed. (c) All Rights Reserved Frontier Theme