I’m posting today because there is a lot of weirdness going on. Tuesday’s price hike to $1.79 has apparently not been matched by everyone, particularly along Michigan Avenue, and the Speedway there is already down to $1.69. The US Dept. of Energy reports on the “This Week in Gasoline” website that last week Midwest gas prices were on average six cents *lower* than on the East Coast. Then there was yesterday’s action in the futures markets in New York, where wholesale prices rose to a 13-year high, with oil over $38 a barrel. It doesn’t quite all add up to me right now, which means we should just keep a close eye on everything.
- RT @GasBuddyGuy: Back in #Chicago: $3 gas. We didn’t miss you. Up from $2.97 this morning and likely to climb further. 😡 https://t.co/7dGqA… 07:11:31 PM April 18, 2018 from Twitter Web Client
- RT @GasBuddyGuy: $5 GAS... is back in Essex, CA at two stations today, as crude oil prices continue to race higher and gasoline demand that… 07:11:23 PM April 18, 2018 from Twitter Web Client
- RT @FamilyExpress: #GasPriceForecast: Fuel prices are likely to increase over the next 12-24 hours throughout our service areas. Fill up wh… 07:11:10 PM April 18, 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