Expecting $3.09 again before the long holiday weekend

Comment on Friday’s prediction: Prices have fallen the past several days, below $3 in many places, so a CORRECT prediction.

Wednesday, December 19, 2007, 3:30 PM: Of note is that the NYMEX and AXXIS prices have been pretty much the same for a month now, which demonstrates that there is no Chicago premium on prices right now, as is usually the case this time of year. Also of note is that wholesale prices have been steady for the past several days, while retail prices have been dropping. To me, that means the odds are high for a price re-set back to $3.09 on Thursday or Friday, and that is my prediction.

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