About that 11-cent-a-gallon profit

Remember yesterday, when Marathon reported that its Speedway stations were making about 11 or 12 cents a gallon profiton their gasoline?

Well, today they raised retail prices from about $2.899 or $2.919 to $3.159 a gallon throughout the region. Columbus is at $3.159, too. Lexington is a little lower, and Bowling Green, Ky., near the Tennessee border is only at $2.999.

By coincidence, Iran warned today that if the U.N. or anyone tries to impose sanctions over its nuclear program, crude oil would go from the present $75 a barrel to $200.

Nothing like a good scare or an earnings report to send retail prices gushing.

UPDATE: Here is a chart I began compiling last year of record-high gasoline prices in the Huntington area. I kept a daily chart for a few years. Now I just worry about record highs.

DATE PRICE
8/5/05 $ 2.459
8/8/05 2.499
8/11/05 2.559
8/15/05 2.699
8/31/05 3.099
9/1/05 3.119
8/3/05 3.159