On the chart I keep of gas prices, you can see a definite change in behavior after Memorial Day this summer. Price hikes have been less frequent, and prices have been allowed to drift down into 0-cent margin territory, while the Chicago Summer Premium has disappeared completely. And now, with crude oil trading at an all-time high, the wholesale prices of gasoline has not followed suit — those prices were much higher in May. All this is good for consumers, but when a change like that occurs, you wonder what is going on. There is evidence in the business news that the national economy slowed down in June — are gas prices a reflection of this? Regarding this week, future prices Friday and today reflect a new gas price of $1.99. Since prices are in the $1.70’s in some places in the Grand Rapids area, I expect a price hike later this week to about $1.99. If something strange happens with futures prices, I’ll make another post Tuesday or Wednesday. Up, up, up to $1.98 on Wednesday, August 4. CORRECT!
- Still no rush to fill the tank ... https://t.co/ZGf83EEmk3 07:32:41 PM October 17, 2018 from Twitter Web Client
- Lack of drama continues with gas prices ... https://t.co/owaBr4Gdih 07:03:29 PM October 07, 2018 from Twitter Web Client
- Still looking for a price hike on Monday, but this is a silly September: https://t.co/hRv324DmcM 04:30:57 PM September 22, 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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