You are probably hearing on the news about oil prices hitting all-time highs. Wholesale and retail gasoline prices aren’t, though. Someone on TV said the gas stations are afraid to raise prices too much — can that be true? Whatever it is, since wholesale gas prices aren’t surging, neither is retail prices. What that means this week is that if there is a price hike, it will go back to $1.99 or so again. I can’t tell if there will be one or not, but I will speculate right now that gas prices won’t go over $2 this month. When there is too much attention to a surging market, in this case oil, it usually starts dropping. We’ll see if I’m right, but I won’t be doing another posting until the end of the month. There was a price hike on August 12, to $1.99, so that prediction was CORRECT. There was another price hike on August 18, to $2.03, so my speculation about staying under $2 was WRONG.
- 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
- Happy Thanksgiving! Not sure if we hike tomorrow or not ... https://t.co/djRBIMUSRB 07:10:52 PM November 21, 2017 from Twitter Web Client
- Crazy in Chicago -- fill up again! https://t.co/7qeVfPB32P 08:19:47 PM November 01, 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.
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