Benchmark station in Indiana that was able to set me off to yesterday’s hike re-hiked again today to $2.86!
I’ll look for that to filter up to Grand Rapids here in the next day or two at latest. I estimate the next hike will take us to $2.99 or so.
With hurricane news hitting the airwaves, we can, as previously said, expect traders to buy more long positions, thus driving the wholesale price of gasoline up.
AND, hopefully, nothing heads for the Gulf. If it does, we’re in trouble.
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Good job, Patrick, on the CORRECT prediction.