(The following was posted yesterday at the grandrapidsgasprices.com site. I thought I knew how to update this web page from home, but I couldn’t.) Seems that Speedway is trying everything it can to improve its profit margin. Earlier this year, it appeared to me that it was trying to increase the profit per gallon from 20 cents to 25 cents, but the competition didn’t buy into it. Also, if you go back to the beginning of 2004, you see that the stations have been a lot quicker to “restore their prices”, with the profit per gallon getting down to about 10 cents before there is a price hike. That’s why we are getting one every week.Tuesday’s price hike to $1.89 … a lot of Speedway’s competitors didn’t match it, and the Speedway at Michigan and Fuller is back at $1.79. There was no corresponding price hike in Chicago, either.Now, this is what worries me … wholesale prices are up 6 cents since Friday. With my usual calculations, that would mean, if there is a price hike, the new price would be $1.94. I’m going to go out on a limb and predict that they raise prices again tomorrow (Thursday) to $1.94, and the competitors will follow. WRONG-O. Prices have got down to $1.74 in Grand Rapids as of Monday morning.
- $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.
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