Today’s danger of a hike — low.

Comment on the May 27 prediction: There were places in the area where prices rose that Friday to $2.69, and other places where they didn’t. Then, the whole system spiked to $2.75 last week Tuesday. So, I’m going to say 3/4 CORRECT, 1/4 WRONG.

Wednesday, June 9, 2010, 1:00PM: Due to computer issues the last several days, I’ve been a bit unfocused on gas prices. So, time to re-group. Wholesale prices are starting to climb this week, after what looks like at least a short-term bottom in the stock market yesterday afternoon. That brings wholesale prices pretty much where they were when we had the $2.75 hike last week. At the retail level, we have the low $2.60’s in Caledonia and Lowell, and still a lot of $2.70’s around. I don’t think Speedway and friends will be compelled to re-set to $2.75 this week, unless something goes bonkers with wholesale prices tomorrow. So, the prediction is that we’re safe until Monday. — Ed Aboufadel

Updated: June 9, 2010 — 12:58 pm

1 Comment

Add a Comment
  1. With Friday’s disappointing retail sales numbers putting pressure on pre opening equity markets, hence Crude being down, we should be heading lower in wholesale prices, or at least stop the the climb

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Your email address will not be published.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 1,755,023 bad guys.


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