9:00AM: The dramatic slide in wholesale gasoline prices that started at the end of August is continuing this week. Wholesale prices are a dime a gallon lower than a week ago, meaning the 0-cent margin price is $1.88 this morning (factoring in a -4 cents fudge factor that emerges every year at this time). Since prices in town range from $1.99 to $2.16, I predict further retail price drops this week and no price hike. We got through Thursday with no price hike, and I thought we were safe, but on Friday, prices rose to $2.19, so the prediction was WRONG.
- RT @RITESIDETrans: Monday 3/27/17 at 3:26 p.m. Chicago Market up 8.6 cents for gasoline (CBOB & RBOB) and up 3/10ths of a cent for diesel 07:17:25 PM March 27, 2017 from Twitter Web Client
- Uh, oh. A bad report from Chicago tonight on CBOB prices, so we are set for a price hike on Tuesday. $2.49 in Michigan? -EA 07:16:57 PM March 27, 2017 from Twitter Web Client
- Gasoline prices want to go lower: https://t.co/5ThHGteRMr 03:40:17 PM March 21, 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