I was suprised that last Wednesday’s price hike wasn’t worse, given past history. Also, seeing prices in Grand Rapids and Detroit (where I visited last weekend) in the mid $2.20’s makes me wonder why we are getting such a discount right now versus the New York Unleaded (NYMEX) prices. I’m not complaining, but it makes it harder to predict a price hike, when you don’t know where the bottom is. But, factoring a 12-cent “fudge factor” discount, retailers must be paying $2.20 right now, so on the Northeast side of town, we are at the bottom right now. So, the crystal ball says a price hike this week, but maybe not until Thursday, with a new price in the $2.40’s or $2.50’s. Early Wednesday, I took back this prediction.
- As predicted at https://t.co/Y7dk0rvfRM https://t.co/ektf41IIYY 03:15:35 PM October 14, 2019 from Twitter Web App
- As predicted ... https://t.co/E86NGTMwjW https://t.co/x7Swf4PKQv 03:15:12 PM October 14, 2019 from Twitter Web App
- 1) Expecting a price hike, maybe as soon as today; 2) in our latest post, an explanation of some calculation tweaks… https://t.co/7x1nWcwyeC 09:39:57 AM October 14, 2019 from Twitter Web App
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