Wednesday, November 10, 2004

Wholesale prices have dropped again! The 20-cent margin price is now $1.95, while the low price in town is $1.87. I am reconsidering my last prediction of a price hike tomorrow. I’m going to go with something less certain: If there is a price hike on Thursday, then it will be to around $1.95. But I think there is only a 50/50 chance a price hike now. It appears that my caution was warranted as there was no price hike last week. Technically, the if/then statement is correct (the “if” part is false), but I won’t take any credit.