More good drops in gasoline prices on NYMEX should translate into lower prices over the next several days. Using this afternoon’s futures quote (approx. $1.85), and plugging into my formula (with a “fudge factor” of 0 cents), gives a 0-cent margin price of $2.37, and a 20-cent margin price of $2.59. So, c’mon retailers, let’s pick up the pace in passing those price drops along to us! (By the way, that’s a prediction!) Are there really stations still asking $2.99 this afternoon? We fell to $2.54 in Standale by Sunday evening, much lower than the $2.79+ we were seeing on Monday. CORRECT prediction.
- $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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