Monday, November 29, 2004

Since Election Day, we have been playing ping-pong between $1.79 and $1.99 in town, as wholesale prices continue bouncing between $1.23 and $1.30. Some of the movements have been fast in both directions, and I think this week we’ll see more of the same. Look for prices to move down towards $1.79 and then rise, again, to $1.99, probably on Thursday. OK, so I was quite WRONG with this prediction, going so far as to fill up my tank at $1.81 on Thursday morning. But how was I to know that wholesale gas prices would drop 15 cents a gallon in 3 days?