Gas for $1.90 was spotted yesterday on Division, while gas and oil future prices have continued to slip, lowering the 0-cent margin price to $1.76 (factoring in a 10-cent Chicago Summer Premium for reformulated gas). Meanwhile, you can buy gas for $2.14 in Ada this morning. Keep June 2004 in mind the next time the discussion comes up about the speed in which retailers pass along wholesale price drops. A price hike to reset prices just doesn’t make any sense to me today. What would make sense is a reset of prices (making the price the same everywhere) to, say, $1.97, but I can’t remember Speedway and others ever doing that. So, I predict prices to continue to go down, albeit slowly, through the weekend. Well, that’s more like it — prices dropped 12 cents in Standale in 3 days. So “slowly” doesn’t apply. So, rate this prediction 1/2 CORRECT, 1/2 WRONG.
- Garden variety hike for Flag Day ... https://t.co/YBouxJYFHo 07:23:34 PM June 12, 2018 from Twitter Web Client
- Nice prices drops lately ... it probably won't last: https://t.co/2vzKoSSKjL 06:28:11 PM June 03, 2018 from Twitter Web Client
- $3.19 tomorrow. You can smell it. 08:16:36 PM May 21, 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