Oil and gas futures plunged last week, as the war with Iraq got started. The drop in the futures corresponds to a 30-cent drop in retail price. Based on closing prices on Friday, the retail price, with no profit to the retailer, would be $1.30, and with their usual midweek-price-reset profit, is about $1.51. So, clearly, prices, which fell a lot last week, should fall further this week, with no price hike. However, the progress of the war may throw this prediction into jeopardy. (That’s my way of being a weasel, if necessary!) There was no price hike last week, so I was CORRECT, although not with 100% certainty.
- Garden variety hike for Flag Day ... https://t.co/YBouxJYFHo 07:23:34 PM June 12, 2018 from Twitter Web Client
- Nice prices drops lately ... it probably won't last: https://t.co/2vzKoSSKjL 06:28:11 PM June 03, 2018 from Twitter Web Client
- $3.19 tomorrow. You can smell it. 08:16:36 PM May 21, 2018 from Twitter Web Client
Why We Are Here
Ed A.: ab...@gvsu.edu
Craig P.: cr...@paull.net
Tim S.: ts...@gmail.com
Bill E.: pa...@yahoo.com
The name of the site is based off an essay Ed wrote for the Grand Rapids Press titled "The Gas Game". The current website was established later by Patrick DeHaan after he and Ed predicted gas price hikes on GasBuddy's website GrandRapidsGasPrices.com, as well as Ed’s personal web page.
Note: To be precise, add 9/10 of a cent to all prices described on this web page.
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