Last week’s jump in futures prices looks like a temporary spike, as oil is getting close to $35 a barrel. Of course, that just gets us back to where we were a few weeks ago. If retail prices continue dropping to $1.64 or lower, expect a price hike on or about Thursday to at most $1.79, since it seems that when the range of prices gets too much in town, that’s when the price hike occurs. On the other hand, if prices are steady the next few days, I don’t think they’ll raise prices. On Wednesday, prices got down to $1.68 and then rose to $1.84 all over town. Do I get partial credit for having the amount of the price hike (16 cents) to within a penny? No, I don’t. WRONG.
- 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.
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