The price hike on Tuesday still doesn’t make sense to me, but since the end of the day Monday, wholesale prices via NYMEX are up 18 cents. Suddenly, the 0-cent margin price is $2.23, and prices in the $2.40’s don’t seem crazy. The trouble is that we usually get a big price hike after a ramp in wholesale prices, not before. I’m starting to worry, but not enough to make a prediction. One other thing: the last two years, there has actually been a “Chicago discount” in March versus the NYMEX prices. Where is it this year?
- RT @GasBuddyGuy: Back in #Chicago: $3 gas. We didn’t miss you. Up from $2.97 this morning and likely to climb further. 😡 https://t.co/7dGqA… 07:11:31 PM April 18, 2018 from Twitter Web Client
- RT @GasBuddyGuy: $5 GAS... is back in Essex, CA at two stations today, as crude oil prices continue to race higher and gasoline demand that… 07:11:23 PM April 18, 2018 from Twitter Web Client
- RT @FamilyExpress: #GasPriceForecast: Fuel prices are likely to increase over the next 12-24 hours throughout our service areas. Fill up wh… 07:11:10 PM April 18, 2018 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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