Over the last two weeks, it is as if the Chicago Summer Premium has disappeared. However, at the same time, oil prices have been rising, now over $31 a barrel. (Who to blame: problems in Iraq, the Fed’s easy money policy?) With no summer premium, the zero-margin price today is $1.40. With a full 10-cent premium, it is $1.50, which is the current price at many places around town. I’m going to assume that there isn’t much summer premium right now, so prices will drift lower, and no price hike this week. There was no price hike. CORRECT!
- RT @TomKloza: Trust me. This week's US crude oil inventory build (+1.2-million bbl) is a head fake. High runs and high exports will lead to… 09:12:23 AM July 07, 2018 from Twitter Web Client
- Expecting $3.09 again ... https://t.co/MkAhvZ197I 09:12:02 AM July 07, 2018 from Twitter Web Client
- RT @GasBuddyGuy: July 4 travel: Motorists will be shelling out $1B more the first four days of July this year than they did last year as #g… 09:50:36 AM July 01, 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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