Wednesday, September 23, 2009, 1:00PM: With today’s DOE report showing continued growth in the supply
Tag: NYMEX
Back from vacation, and looking for $2.59.
Comment on the August 3 prediction: Prices rose to $2.69 the next day, slightly below
Spike highly probable Tuesday
Looking at the numbers, the averages here in the Speedway states are low compared to
Time for Friday fireworks at the gas pump
Using my formula, a price re-set would be in the range of $2.59-$2.64.
Coming up next, price re-set to $2.49.
We are at the point where rising wholesale prices are colliding with dropping retail prices, which means a price hike is on its way. I predict a re-set to $2.49 a gallon, except for the handful of gas stations still at that price.
Lower, lower, lower.
Comment on my June 30 posting: Prices reset to $2.69 on July 1, except for