Another Round of Ugliness This Week

Monday, March 7, 8:00AM:  Although retail prices rose to $3.55 last Wednesday (as I suggested a week ago), wholesale prices continued their relentless climb, fueled by the spike in oil prices, the weaker dollar, and the switchover to “summer gasoline” that is in progress.  According to AXXIS, the wholesale price for a gallon of gas was $2.88 on Friday, while according to NYMEX, it is more like $3.05.  The truth is probably somewhere in-between, and it leads to a 0-cent margin price (my estimate of the cost to the gas station owners) of somewhere around $3.50.  So, I believe there is one more price hike coming, to the neighborhood of $3.69.  Then, I think (hope?) that will be it for a while.

Updated: March 7, 2011 — 8:06 am


Add a Comment
  1. independent retailer

    Closest you been on your o cent margin in a while. 3.47 plus 1 cent fuel surcharge, but don’t mi sales tax. Prepaid is .142 and actually we are paying about .23 cents.

  2. They’re gonna keep going till they hit $4 – speculation says so.

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Your email address will not be published.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