Wholesale prices rose on Tuesday, Thursday, and Friday of last week. The Tuesday rise contributed to the new price last Thursday of $2.29 rather than $2.24. Thursday and Friday’s rise didn’t seem so drastic that we would get another price hike today, but we have, to $2.35. Of course, wholesale prices are down today as I write this, so the new price may be discounted quickly. We are still running 3 cents under the usual 20-cent margin price, though. I expect that to change in May, as the last few years, prices in May have run about 3 cents over the 20-cent margin price. Yes, the new price sure was “discounted quickly”, as Speedway gave back the price hike on Wednesday, and most stations followed.
- 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.
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