$3 gas in the future?

I said $2.59 by the end of the week, not $2.95! And here I am with a 1/4-tank. OK, so what happened here? Two things — first, it looks like averaging the unleaded and the reformulated blendstock price is the way to go right now, and the RB price was 30 cents higher this morning. Second is that NYMEX prices shot up 12 cents a gallon today! Time to seriously worry about gas above $3. (That’s not a prediction — yet.) An additional hike to $2.99 followed, but then prices fell.

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