A trip to the Flint/Saginaw area over the weekend indicated similar prices to Grand Rapids, so we are all in this together. Also over the weekend, I read in Barron’s predictions of $2.25 for gas this summer. As far as I am concerned, it is way too early to make that conclusion, but how about this one — in the nearly three years I’ve been tracking wholesale prices, I’ve never seen them as high as they were at Monday’s close. With the 20-cent margin, retail prices land at $1.83, and we still have our working hypothesis that a push is on to change that margin to 25 cents. The upshot is a price hike this week, to at least $1.83, and maybe higher. The prediction that prices would rise was CORRECT, as the new price last Thursday was $1.79 — again! So I was WRONG about the price. And, given the way prices have gone lately, the prediction of a price hike was a pretty safe one.
- History shows -- gas prices not always boring (and maybe a hike coming up this week): https://t.co/hMkQLmUIFq about 11 hours ago from Twitter Web Client
- Fill up ... https://t.co/S2scAOTVvQ 08:09:40 PM July 25, 2017 from Twitter Web Client
- Best guess is a system-wide reset before the holiday weekend -- back to $2.39. Read this for more: https://t.co/QbBEWHsgbE 03:11:57 PM June 27, 2017 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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