Today, the local Shell stations all went back up from $3.219 to $3.329 for Regular Unleaded. Did I predict this or what? To be honest, I didn't expect it to happen so soon, but it did.
In the meantime Wal-Mart and Joey's seem to have stopped playing Gas War. Wal-Mart is sitting at $3.199 and Joeys at $3.219. Of course, if you have a Wal-Mart credit card, gas is only $3.099 (you heard about Wal-Mart's gas promotion, right?).
I'm surprised Shell went back up so quickly, but the price increase itself is no real surprise. Of course, that has nothing to do with their $5 Billion in profits in the first 3 months of 2011, does it?