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.
- You snooze, you lose ... comments on Saturday's rare price hike ... https://t.co/FD1j34Kh4Y 09:35:10 AM March 18, 2018 from Twitter Web Client
- Fill up tonight or tomorrow ... https://t.co/qEPCRJ1FVB 04:17:26 PM March 06, 2018 from Twitter Web Client
- Go to Lowell. Buy gas for $2.20. Win the Gas Game! Hike expected this week: https://t.co/mYZd76hrQj 09:25:27 PM February 19, 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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