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!
- Go to Lowell. Buy gas for $2.20. Win the Gas Game! Hike expected this week: https://t.co/mYZd76hrQj 08:25:27 PM February 19, 2018 from Twitter Web Client
- About that $3 prediction that I made ... (Hint: seek out $2.49 or lower): https://t.co/LOGVR7kaxl 08:18:54 AM February 11, 2018 from Twitter Web Client
- Let's Play! Hike coming this week ... https://t.co/cJoq8k4yaU 02:02:40 PM January 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