If I were asked about what was going on with gas prices, I would say that wholesale prices have gone up, and also that retailers have gotten a lot more aggressive about passing these price hikes along to the consumer. For an example of this, I take this morning’s wholesale prices in New York: $1.178 for the May contract, $1.176 for June. This averages to $1.177. Now add in 40 cents for gas taxes, storage fees, and the like, and that gives us about $1.58. Now add in 20 cents profit for the gas station, so now we are at $1.78. Finally, there’s the 6% sales tax, and that gives us $1.89. Go to grandrapidsgasprices.com, and see that the lowest price at the moment is $1.73 at Admiral on 32nd and Division. That would be a price hike of 16 cents, which is typical, so expect to see $1.89 soon (Tuesday?). I will update on Wednesday. As of Wednesday morning, no price hike.
- $3 gas in 2018 and other fearless predictions: https://t.co/c5SaxSu8ms 06:05:06 PM January 01, 2018 from Twitter Web Client
- You snooze, you lose ... https://t.co/EpF25AgY1v 06:41:20 PM December 17, 2017 from Twitter Web Client
- It's the most wonderful time of the year ... to buy gas! https://t.co/rBFbqhfCgN 11:05:58 AM December 03, 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.
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