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?
- A remarkable fourth quarter for energy ... https://t.co/ZxZ8lQrvPM 04:15:30 PM December 29, 2018 from Twitter Web Client
- Gas prices putting me to sleep ... maybe we'll get some drama in 2019? https://t.co/5nGHoHXkBJ 11:52:18 AM December 17, 2018 from Twitter Web Client
- Enjoy $2 gas in north west Kent County (MI). More here: https://t.co/I4wlvL8McV 06:59:17 PM November 25, 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.
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