Friday, August 12, 2005

The past 48 hours shows you that we’ve got to be very careful about predictions until this current madness passes. On Wednesday, I timed my posting perfectly — as a big rally ensued in oil and gas futures as soon as I posted my prediction. Multiple refinery accidents the past few days, and who knows what else, have caused wholesale prices to soar to close to $2.00 a gallon as I write this. If the wholesale price is $2 a gallon, then the 0-cent margin price is $2.53 and the 20-cent margin price of $2.74! So, will there be a price hike on Saturday to around $2.70? Monday? Will wholesale prices collapse this afternoon? Hard to say, but be vigilant! Vigilance paid off on Monday, as prices got jacked up that afternoon to $2.79, and I got lucky and bought gas for $2.45 in Standale on Monday morning.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 1,755,029 bad guys.

 

This site uses Akismet to reduce spam. Learn how your comment data is processed.

TheGasGame.com (c) All Rights Reserved Frontier Theme