Comment on the June 5 posting:Â We got a price hike last Friday, as predicted, but only to $4.09. But, I’ll take the CORRECT credit anyway.
Wednesday, June 11, 2008, 4:00 PM: Wow! NYMEX prices have been jumping up and down the past week in extreme ways, and today it is up. I’m predicting a price hike tomorrow, to at most $4.29 but probably less than that. Using the current prices on NYMEX with a 20-cent margin, we get $4.29, but Speedway and friends have been working with lower and negative margins lately, so that’s why I say “probably less”. Prices like this are tough. It would be better if we lived in Missouri.