Boy, did I lose the Gas Game this week. Early in the week, I was down to empty, but figuring prices would continue to fall, I only bought 5 gallons, at $1.69 a gallon. Two hours later, the price was $1.66. Today, I’m back to empty, and angry to see that prices reset to $1.79 yesterday. I have no explanation for it. Wholesale prices, as reported by NYMEX, continue to sink, and are the lowest since May, when prices were in the $1.50’s. Did a refinery in Chicago go off-line yesterday? Are the gas stations expecting everyone to drive to the U-of-M/ND game tomorrow? My prediction is that this price hike won’t stick. You will find gas for below $1.60 a week from now, and maybe some brave stations will test a price of $1.50. Now to go buy another 5 gallons. My last entry was a rant, but it was a CORRECT rant. Prices dropped dramatically late last week, and at least one station on Friday listed regular gasoline for $1.49.
- Looks like we are heading back to $3.09 ... https://t.co/kQz8w0zy34 09:24:17 PM August 06, 2018 from Twitter Web Client
- How did we get to $2.69? Why will we go back to $2.99 soon? https://t.co/W7jbVBHx73 09:31:46 AM July 22, 2018 from Twitter Web Client
- 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
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