I inquired this week about the actual wholesale price, to re-calibrate my spreadsheet if necessary. For those of you playing the Gas Game at home, the real 0-cent margin price on Monday was about $2.83. This is very close to my daily calculation, if you *average* the “HU” and “RB” contracts. In [...]
0 comments Wednesday 26 Apr 2006 | Ed Aboufadel | Predictions
Grand Rapids Gas Buddy Peg has brought to my attention that Speedway’s website indicates a price reset to 2.95 is occuring.
This price hike/reset is completely without warrant. Wholesale prices fell 6 cents yesterday, and are down at this time for today.
Most likely, Speedway is getting greedy and trying to restore the money it didn’t make [...]
0 comments Tuesday 25 Apr 2006 | Patrick | Predictions
As I have posted before, the most difficult part of studying gas prices is figuring out the wholesale prices. I use the NYMEX “HU” unleaded gasoline contract as a proxy, because I don’t have access to the wholesale prices in west Michigan. Lately, I’ve also been observing the “RB” gasoline w/ethanol contract, which [...]
0 comments Friday 21 Apr 2006 | Ed Aboufadel | Predictions
It seems if everyone is suprised the price hasn’t taken a huge jump up yet.
Gas Buddy “itsMorph” states that when he was at the BP in Rockford this afternoon, the price was 2.98 due to the fact the owner had just filled his huge storage tanks. The owner stated he was surprised no one else [...]
0 comments Wednesday 19 Apr 2006 | Patrick | Predictions
Hello everyone!
In case you didn’t see in my e-mail yesterday, I am predicting we see the nasty “$3″ sign come out today.
The futures market has been going up and up, due to Iran and Nigeria, and ethanol concerns as refiners switch from MTBE to ethanol, but those ethanol concerns are pretty much unwarranted as the [...]
0 comments Tuesday 18 Apr 2006 | Patrick | Predictions
Based on yesterday’s wholesale prices, it is going to be $2.99 either today or Monday. I think the futures markets are closed today, so the wholesale price shouldn’t change the next few days. Oh, and Allendale is the place for cheap gas this morning. Prices did not go up last Friday [...]
0 comments Friday 14 Apr 2006 | Ed Aboufadel | Predictions
