Tuesday, July 19, 2005

On the postive side, wholesale prices have been dropping since peaking on July 7. This has led to prices as low as $2.16 in town this morning. However, the 0-cent margin price is $2.14. So, unless wholesale prices continue to drop the next two days, expect a price hike on Wednesday or Thursday, to somewhere in the neighborhood of $2.35. A price hike did occur to $2.36, but not until Monday 7/25. In the meantime, a price war broke out in Kentwood, with prices as low as $1.97 a gallon on Monday morning before the price hike occured. So, the prediction was WRONG.