Comment on March 29 prediction:Â Prices did go back up last Wednesday, but only to $3.39, so call it 1/2 CORRECT, 1/2 WRONG
Sunday, April 6, 2008, 4:45 PM: Wholesale prices fell early in the week last week, so that’s why we only got a hike to $3.39, instead of $3.49. They are up at least a dime since then, suggesting if we get a hike, the new price would be at least $3.49. With the 0-cent NYMEX margin price at $3.33, which is pretty much the low price in town, I see another price hike coming in the next few days, and my tank is full.