Monday, November 8, 2004

Wholesale prices have dropped 14 cents since the last price hike to $2.15 on October 25. That tells you that $2.01 is the 20-cent margin price right now. Seeing how prices in town range from $1.90 to $2.01 this morning, that sets up the following scenario: prices drop towards $1.83 by Wednesday, and then a price hike to $1.99 on Thursday. This assumes that wholesale prices don’t change much this week. I’ll update on Wednesday if necessary. I modified this prediction on Wednesday.