Monday, October 18, 2004

This morning, crude oil is about $55 a barrel, and wholesale prices are about $1.40 a gallon. That corresponds, with a 20-cent margin, to $2.13 a gallon. The cheapest gas in town is about $2.00 a gallon, and that 13-cent difference suggests another price hike is in the cards this week, although probably not until Thursday. I’ll update Wednesday if necessary. On 10/20 at 8:30AM, I rescinded this prediction.

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Your email address will not be published.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 1,755,250 bad guys.

 

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

TheGasGame.com (c) All Rights Reserved Frontier Theme