Comment on last Sunday’s prediction:Â A big turkey of a WRONG, as prices did not go up during Thanksgiving week.
Saturday, November 24, 2007, 2:00 PM: The retailers gave us a Thanksgiving gift with no price hike near Thanksgiving. It was surprising, given where wholesale prices are at, and I am more surprised to see prices as low as $2.90 on Alpine Avenue, which is definitely below cost the retailers are paying right now. Well, let’s not dwell on this too much, but fill up Sunday night, as there can be no doubt that a hike to the $3.19 to $3.29 range is in the cards on Monday or Tuesday.
$3.239 is the magic number for today.