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.
- More of the same expected this week ... https://t.co/S8h79YINBC 05:19:47 PM March 17, 2019 from Twitter Web Client
- "Strike Fast! Strike Hard" -- our gas selling friends https://t.co/cTpPqJnyir 02:15:21 PM February 24, 2019 from Twitter Web Client
- Gonna fill up on Friday ... https://t.co/KIMPWnogqg 07:37:39 PM January 31, 2019 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