Tuesday, January 11, 2005

Happy New Year to everyone. I’ve been busy with the holidays, the stomach flu, and a trip to Atlanta. Meanwhile, the retailers have been busy raising prices. Right now, it looks like another price hike is in store for Thursday. As of the end of business Tuesday, futures prices are indicating a 20-cent margin price of $1.93, and prices are down to $1.79 in certain places. If the DOE report tomorrow causes a big change in wholesale prices, I’ll post again, but otherwise, expect a price hike on Thursday. The price prediction was perfect, but the hike came on Wednesday, not Thursday, so 1/2 CORRECT, 1/2 WRONG.