Sunday, October 9, 2005

NYMEX futures prices have fallen 44 cents a gallon since September 28, and while I understand this hasn’t been translating very quickly into cheaper wholesale prices, finally this weekend we are beginning to see this reflected at the pumps. $2.76 is the cheapest in town right now in Wyoming, although Meijer’s in Standale last night gave me a coupon for 50 cents off per gallon, allowing me to fill up today at $2.31 a gallon! I’m going to predict that prices continue to fall this week, and somewhere in the area, gas will be $2.50 a gallon by Thursday morning. I guess I was a bit ambitious — prices have been falling, but we didn’t get to $2.50, so WRONG.