There are a lot of weird things going on right now, so I have no clue what is going to be happening this week. Here’s what’s odd: First, I average the current and next month NYMEX futures numbers to estimate the wholesale price. At yesterday’s close, the March future was $1.25 and the April was $1.41. But the March future just closed, now I use April and May. The May was $1.43, so that changes my wholesale estimate from $1.32 to $1.42 in one day, which doesn’t make a lot of sense. Second, you’ve got gas for $1.87 on 44th street and $2.05 on Alpine. The $1.87 suggests a price rise, like, tomorrow, to around $2.09, except that’s close to the Alpine price already. So, let’s just keep an eye on prices this week, and I have no prediction.
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