Plan for the weekend

Thursday, October 18, 3:30 PM:  Although the $89+ oil prices are in the news, wholesale gas prices are not as perky. From September 20 until today, NYMEX prices are the same, AXXIS prices are 9 cents lower, while retail gas prices are in a $2.69-$2.99 range.  $2.99 seems a bit high given that we had a hike to $2.99 on September 20 with AXXIS prices higher, but higher oil prices are going to mean higher gas prices, if not right away, then soon.  My gas buying strategy the next few days is to wait until Sunday evening or Monday morning to fill up, either at Costco or in Grandville, because I don’t expect a price hike tomorrow, but if oil goes over $90 tomorrow, we’ll see it at the pump early next week.

Inflation-adjusted, the highest price ever for oil is $101 a barrel.  If we get to $100, sadly, the other 49 states get to join us in our recession.

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Your email address will not be published.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 1,754,533 bad guys.


This site uses Akismet to reduce spam. Learn how your comment data is processed. (c) All Rights Reserved Frontier Theme