No price hike in sight

Tuesday, August 7, 2007, 2:45 PM:  As Patrick has noted, wholesale prices took a dive yesterday.  At the same time, there was a price re-set in Indiana to $2.75.  Since they tend to be a dime cheaper than us, that gives us an approximate 20-cent margin price of $2.85 and a 0-cent margin price of $2.65.  The NYMEX 0-cent margin price is $2.44 right now, but we have been dealing with higher midwest prices for a while.  Since retail prices pretty much everywhere are at $2.85 or higher, we can expect falling prices the rest of the week and no price hike.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 1,759,265 bad guys.

 

This site uses Akismet to reduce spam. Learn how your comment data is processed.

TheGasGame.com (c) All Rights Reserved Frontier Theme