Yesterday’s amazing price hike prompted an e-mail from an old friend in the industry. He reports that the Exxon Mobile refinery at Joliet, IL shut a large gasoline maker over the weekend for unplanned repairs, which added yet more juice to the Chicago wholesale prices. (Based on my calculation, Chicago wholesale prices are now 16 cents ahead of New York — now that’s a Chicago Summer Premium!) Then, my friend reports, last night, wholesale prices fell five cents. Will retail prices follow? We can hope. At the very least, unless we get a Phoenix-style pipeline break, there will not be another price hike through Labor Day. I am cautiously optimistic that prices will fall significantly starting on Labor Day, but we’ll see what happens in the futures markets this week. There was no price hike, and gas prices fell below $1.80 at many areas around time, so the prediction was CORRECT.
- More of the same expected this week ... https://t.co/S8h79YINBC 05:19:47 PM March 17, 2019 from Twitter Web Client
- "Strike Fast! Strike Hard" -- our gas selling friends https://t.co/cTpPqJnyir 02:15:21 PM February 24, 2019 from Twitter Web Client
- Gonna fill up on Friday ... https://t.co/KIMPWnogqg 07:37:39 PM January 31, 2019 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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