$3.39 may not be the high price for the week

Tuesday, July 10, 3:55 PM:  I got an e-mail late yesterday afternoon from a retailer in Ohio saying that his wholesale price jumped 30 cents yesterday.  I didn’t know whether to believe him or not.  However, we have a second price hike to $3.39 this afternoon, my colleague Patrick tells me that a key refinery in Indiana is going down, and today’s AXXIS quote has Chicago wholesale at a whopping $2.81 versus $2.57 yesterday.  So, it looks like the retailer from Ohio was correct, and we might be in for *another* price hike this week.  I’m not going to call this an official prediction, but keep your eyes on those prices while driving.

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