Regular readers of my postings know that I have been struggling with whether or not to continue to factor in the difference between Chicago and New York wholesale prices that occur every summer. (I can get NY wholesale prices over the Internet, but not Chicago’s.) Last week’s price hike indicates that the price difference continues. Or it could be some Halloween game played by the retailers. Looking at my records, in 2002 we had a price hike at Halloween, and then no price hikes in November, as it appeared the Chicago Summer Premium finally went away at the end of the first week of November. Let’s assume something similar will occur with the CSP, and given the fact that wholesale prices have been creeping lower, I predict no price hike this week, and maybe prices in the $1.30’s by next week. Both predictions were CORRECT, as prices dropped significantly last week and at the beginning of this week.
- 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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