1:30 PM: I predict a price hike on Wednesday or Thursday. We’ve seen prices fall dramatically this month, with the last hike being to $2.94 on September 30. Today, you can get a gallon in town for $2.37. This drop in retail prices has followed the drop in NYMEX prices, but retail prices have remained above the 20-cent margin price I calculate, reflecting a signifcant difference between New York and Chicago prices. I am not be able to tell what the “fudge factor” is right now, but based on the Department of Energy web pages that compare New York vs. Chicago wholesale prices, it is at least 8 cents. With NYMEX up today, the numbers are lining up for where a price hike could occur, so it probably will. My guess right now is a new price somewhere in the neighborhood of $2.49. I practice what I predict and filled up Thursday morning for $2.35. That was the WRONG thing to do, as prices got as low as $2.21 on Sunday after no price hike.
- Uh oh ... https://t.co/zw7nRu3Co6 09:20:20 PM September 21, 2017 from Twitter Web Client
- Harvey, Irma, Joel, Katia, and now Lower ... https://t.co/Qy1wuUpVLe 08:22:38 PM September 13, 2017 from Twitter Web Client
- You should probably fill up this evening: https://t.co/mXPygxjMR3 04:35:30 PM August 31, 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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