I go out of town for a week, and gas prices go crazy. What are we doing at $1.69 a gallon? Well, it looks like two things happened. One, futures prices shot up somewhat late last week. Second, it seems like the full 10-cent Chicago Summer Premium is back. (Trying to get a handle on the extra money we have to pay for gas in the summer is really a challenge.) I’ll add that today’s Wall Street Journal has an article about a new squeeze in gasoline supplies, because gasoline demand (and it appears, the economy) is picking up in the second half of the summer. This is beginning to look like a bad month for filling up. More on Monday.
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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