Tuesday, April 26, 2005

Wholesale prices rose on Tuesday, Thursday, and Friday of last week. The Tuesday rise contributed to the new price last Thursday of $2.29 rather than $2.24. Thursday and Friday’s rise didn’t seem so drastic that we would get another price hike today, but we have, to $2.35. Of course, wholesale prices are down today as I write this, so the new price may be discounted quickly. We are still running 3 cents under the usual 20-cent margin price, though. I expect that to change in May, as the last few years, prices in May have run about 3 cents over the 20-cent margin price. Yes, the new price sure was “discounted quickly”, as Speedway gave back the price hike on Wednesday, and most stations followed.