Last Thursday afternoon, I headed north, and came back on Saturday. In Cadillac, prices everywhere were $2.39, so it looked like the price hike happened. But in Reed City, you could get gas on Saturday for $2.10, and in Grand Rapids, it was as low as $1.97 on Monday morning. At $1.97, retailers were losing at least 20 cents per gallon, so I’m not sure why they would let it go that low. I guess it is competition, since sometimes cash flow is more important than profits. (Ask General Motors about that.) The $2.36 did not restore their margins to 20 cents per gallon, so they is room for another price hike at the end of the week to $2.45. That’s not a prediction. Just something to wonder about. On Friday afternoon, Speedway reset to $2.36. In some parts of town (notably Standale), competitors did not match prices, and Speedway had to give back the price hike in those places.
- Still no rush to fill the tank ... https://t.co/ZGf83EEmk3 07:32:41 PM October 17, 2018 from Twitter Web Client
- Lack of drama continues with gas prices ... https://t.co/owaBr4Gdih 07:03:29 PM October 07, 2018 from Twitter Web Client
- Still looking for a price hike on Monday, but this is a silly September: https://t.co/hRv324DmcM 04:30:57 PM September 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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