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.
- Enjoy $2 gas in north west Kent County (MI). More here: https://t.co/I4wlvL8McV 06:59:17 PM November 25, 2018 from Twitter Web Client
- Maybe we reset to $2.49 before Thanksgiving, but prices have been dropping considerably. More here ... https://t.co/u0hbFZZWx1 05:11:23 PM November 18, 2018 from Twitter Web Client
- Look for under $2.40 this week before you fill up ... https://t.co/g54cItT3cB 06:12:30 PM November 11, 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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