Comment on last week’s prediction:Â The prediction was CORRECT as prices got down below $2.70 in several places.
Monday, August 13, 2007, 1:45PM: I started to wonder about a looming price hike to $2.89 when I saw gas for $2.68 on Sunday, but I didn’t have time this morning to post a prediction. Patrick posted a nice warning. A prediction this morning would not have been helpful, as prices have just jumped to exactly $2.89. It is starting to appear that to get a good fix on wholesale prices, take about 10 cents off of the AXXIS price for Chicago.