On the postive side, wholesale prices have been dropping since peaking on July 7. This has led to prices as low as $2.16 in town this morning. However, the 0-cent margin price is $2.14. So, unless wholesale prices continue to drop the next two days, expect a price hike on Wednesday or Thursday, to somewhere in the neighborhood of $2.35. A price hike did occur to $2.36, but not until Monday 7/25. In the meantime, a price war broke out in Kentwood, with prices as low as $1.97 a gallon on Monday morning before the price hike occured. So, the prediction was WRONG.
- Let's Play! Hike coming this week ... https://t.co/cJoq8k4yaU about 3 hours ago from Twitter Web Client
- $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
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