Expect prices not to fall this weekend; perhaps another hike on Monday?

Friday, March 9, 8:00 AM:  Just a quick note while on the road.  The hike to $2.59 could have been worse, based on wholesale prices earlier this week.  On GrandRapidsGasPrices.com, I posted a quick note Wednesday night predicting the hike yesterday, but I thought we would see $2.65.  Based on yesterday’s market action, the 20-cent margin price is $2.67 this morning.  So, unless something dramatic happens on NYMEX today, expect another hike on Monday to perhaps $2.69.

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