Buy gas for $1.86, then prepare for possible price hike

Comment on last week’s prediction:   There was a price hike on Friday, to $2.05, but it was halfhearted and not universally followed, so the prediction was WRONG.

Monday, January 22, 2007, 2:30 PM:  Wholesale prices have been falling since, well, last July, and they have shed 30 cents since December 19.  Slowly but surely, retail prices have followed, and today you can get gas for $1.86 in Wyoming.  That is just about where the 0-cent margin price is, based on NYMEX prices this afternoon, so we are set up for a price hike this week, unless wholesale prices drop more.  It is a conditional prediction, but I am planning on filling up tonight or first thing tomorrow.  My strategy is always:  if you can get gas at the 0-cent margin price, then buy it, so head for south of Grand Rapids.

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