I’ve commented before on the change in gas price behavior that seemed to take effect in mid-June of this year. During the first half of 2004, price hikes came weekly, and margins were allowed to get down to about 10 cents before a hike. Since then, we’ve hit the 0-margin price several times, including today, with prices below $1.60. I haven’t adjusted my thinking to this consumer-friendly pricing scheme. Nevertheless, for the third Monday in a row, I’m predicting a price hike this week, and this time I will be right. The new price will be in the neighborhood of $1.81 and could come as soon as this evening. Prices reset to $1.79 on Thursday, so the prediction was CORRECT, although by Thursday, I thought we’d see something more like $1.89.
- Still looking for a price hike on Monday, but this is a silly September: https://t.co/hRv324DmcM about 8 hours ago from Twitter Web Client
- Thursday the 20th, in the morning, fill up with gas. No time for commentary, and my Gas Game buddies have already… https://t.co/DsgWxHbABi 09:28:44 PM September 19, 2018 from Twitter Web Client
- Ed says: Fill up today! https://t.co/tsx6ayIh7E 08:06:39 AM September 03, 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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