Friday’s price hike to $2.49 was remarkable as it was the first Friday price hike I’ve seen, and it was the first time I remember two price hikes in one week. In economics, they would call this a black swan, rare but possible. Who to blame? Wholesale prices shot up last Wednesday (before the London bombings) and Speedway and friends have a history of passing those quick jumps on to consumers. Sadly, as of this writing, wholesale prices are about where they were after last Wednesday, but so are retail prices. So, I don’t see a price hike this week, and expect prices to slowly drop below $2.40 everywhere. (I know in some places, like Allendale, it is already about $2.34.) Write your representatives in Congress about gas prices — maybe they can do something! There was no price hike last week, so the prediction was CORRECT. Prices dropped below $2.30 at a lot of stations over the weekend.
- $3 gas in 2018 and other fearless predictions: https://t.co/c5SaxSu8ms 06:05:06 PM January 01, 2018 from Twitter Web Client
- You snooze, you lose ... https://t.co/EpF25AgY1v 06:41:20 PM December 17, 2017 from Twitter Web Client
- It's the most wonderful time of the year ... to buy gas! https://t.co/rBFbqhfCgN 11:05:58 AM December 03, 2017 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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