I’m back after a trip to Rhode Island, followed by some minor surgery on my nasal passages. While recovering last week, I spent a lot of time watching CNBC and their obsession with the price of oil. It looked to hit $50, but has since backed off to $45.50. Consistent with what I’ve been observing, wholesale and retail gasoline prices have not soared the same way, and it seems that it is the refineries, and maybe the retailers, that are having their profits cut. We’ll assume this will continue for the time being. So, regarding gas prices in Grand Rapids, with the 20-cent margin price (with no Chicago Summer Premium) currently at about $1.96, with $1.85 being the cheapest price in town, and with futures prices falling this week, expect no price hike. There was no price hike last week. CORRECT!
- 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.
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