As they say at Wal-Mart, “Watch for falling prices”. Wholesale prices went on a dive last week, so retail prices should follow. Using today’s wholesale price, I calculate that the 0-cent margin price is $1.77, so that’s the floor right now for how low prices can go. However, I imagine the retailers are sitting with some expensive gas in their tanks, and they will be in no hurry to cut prices. There are places in town where the price is still $2.18! Nevertheless, watch for big price drops at your favorite stations as the week goes on. Regarding the correctness of the prediction, it depends on how you define “big”. Prices are dropping, but not with much velocity in some places.
- Thursday the 20th, in the morning, fill up with gas. No time for commentary, and my Gas Game buddies have already… https://t.co/DsgWxHbABi about 11 hours ago from Twitter Web Client
- Ed says: Fill up today! https://t.co/tsx6ayIh7E 08:06:39 AM September 03, 2018 from Twitter Web Client
- Late summer snoozefest continues ... back to $2.99 by Thursday? https://t.co/1HVbliojum 04:42:54 PM August 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.
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