While yesterday’s price hike to $2.35 was going into effect, prices on the futures markets soared, with wholesale gasoline prices going up 10 cents yesterday! Remarkably, a consequence of this morning’s London bombings is that oil and gas futures prices have dropped some, according to CNBC. So, I think the chance of a second price hike today (to $2.45) is pretty much zero, but I don’t believe we are going to be seeing much price cutting this weekend like we usually do. I reserve the right to change my opinion once I see how the futures trade today and tomorrow. Prices did not rise on Thursday, but they did on Friday, to $2.49!
- Late summer snoozefest continues ... back to $2.99 by Thursday? https://t.co/1HVbliojum about 16 hours ago from Twitter Web Client
- Looks like we are heading back to $3.09 ... https://t.co/kQz8w0zy34 09:24:17 PM August 06, 2018 from Twitter Web Client
- How did we get to $2.69? Why will we go back to $2.99 soon? https://t.co/W7jbVBHx73 09:31:46 AM July 22, 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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