I just updated my spreadsheets from Friday’s action on NYMEX, and I am getting frightened. Wholesale prices jumped 8 cents a gallon on Friday. In a few places on Saturday, there was a mini-hike to $2.35 (for instance, a Citgo on 28th street). There will be a price hike soon (today?!), and the worst case scenario is …$2.48 a gallon. Scary. A few hours after I posted this message, retail prices rose sharply to $2.43. So the prediction was CORRECT, but probably not helpful.
- How did we get to $2.69? Why will we go back to $2.99 soon? https://t.co/W7jbVBHx73 about 14 hours ago from Twitter Web Client
- RT @TomKloza: Trust me. This week's US crude oil inventory build (+1.2-million bbl) is a head fake. High runs and high exports will lead to… 09:12:23 AM July 07, 2018 from Twitter Web Client
- Expecting $3.09 again ... https://t.co/MkAhvZ197I 09:12:02 AM July 07, 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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