As you can see above, I am tinkering with my formula, which includes changing the wholesale price estimate, adding in the extra money for the reformulated gas required in the Chicago region, and adding in some miscellaneous charges that were brought to my attention the past year. Given all that, with a 20-cent margin, the expected gas price is $1.60. Currently, prices in town range are all in the $1.40’s, setting up for a price hike today, tomorrow, or Thursday. That’s my prediction, but I’m not sufficiently comfortable with the new formula yet. On Thursday, prices rose to $1.58 around Grand Rapids, which is close enough to $1.60 for me to say CORRECT! If I continue to be 2 cents off as the summer gets rolling, I’ll adjust my formula.
- 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.
AXXIS capacity Chicago Premium competition contracts demand diesel DOE dollar expansion fire fudge factor futures gasoline gas prices gouging Hurricane indiana inventories maintenance margin market no prediction NYMEX Ohio oil PADD prediction price hike prices fall production profit refineries refinery refinery utilization report retailer shutdown Speedway stockpiles storage tv utilization wholesale prices WOOD