Yesterday morning I was ready to predict a price hike, but then futures prices of oil and gasoline fell hard yesterday. Based on Monday’s closing prices, the 0-cent margin price (with an 8-cent Chicago Summer Premium) is $1.72. Also on my mind is that gas stations this month seem to have changed their behavior, from aggressive price hikes to aggressive price cutting. Speedway’s new 4% discount for their credit card also makes me wonder if we’ve now entered a more consumer-friendly period. So, I predict no price hike on Tuesday or Wednesday. As to Thursday, with the 4th of July weekend coming up, it seems a natural place for a price hike, but I’m not sure one way or the other about that. CORRECT — no price hike on Tuesday or Wednesday.
- Enjoy $2 gas in north west Kent County (MI). More here: https://t.co/I4wlvL8McV 06:59:17 PM November 25, 2018 from Twitter Web Client
- Maybe we reset to $2.49 before Thanksgiving, but prices have been dropping considerably. More here ... https://t.co/u0hbFZZWx1 05:11:23 PM November 18, 2018 from Twitter Web Client
- Look for under $2.40 this week before you fill up ... https://t.co/g54cItT3cB 06:12:30 PM November 11, 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