So, just in case you were one of the skeptics who doubted gas prices had been manipulated around the election, I've been keeping track. Every day, I go past an off-brand place, which (almost always) has the lowest prices I've been able to find within 10 or 15 miles of where I live. Here's the price movement for a gallon of regular no-lead:
Monday, 11/6: 1.919
Tuesday, 11/7: 1.919
Thursday, 11/9: 1.949
Saturday, 11/11: 1.969
Monday, 11/13: 2.049
And, everywhere else, the price is rising, too.
The 1.919 on 11/6 had been there for a few days. In the two or so weeks prior, the price had gone down to 1.929, up to 1.969, and then back down to 1.919. In other words, a classic double bottom, for those inclined to make technical analysis charts.
Which means, prices are going up.
I'll go out on a limb, and predict we'll see $2.50 a gallon at the place I track, by spring. And, I'll put a poll below, for those of you who care to bet for or against my prediction. No rewards, just the satisfaction of knowing your prediction was right (or wrong).
