NYMEX prices have gone down the last few days, and the end of the March contract seemed to have helped, too. This morning, we are looking at wholesale prices of about $1.87. That corresponds to a 20-cent margin price (with no Midwestern premium tacked on) of $2.61. With the recent fudge factor of about 8 cents due to living here rather than elsewhere, we get a range of $2.48 to $2.69. Low price in town this morning is $2.60. So, I see more room to fall and don’t see a price hike coming today or tomorrow. By Thursday, of course, the situation could be very different. I was CORRECT about no price hike on Tuesday or Wednesday, but didn’t have time to post before the price hike on Thursday to $2.79.
- Best guess is a system-wide reset before the holiday weekend -- back to $2.39. Read this for more: https://t.co/QbBEWHsgbE 03:11:57 PM June 27, 2017 from Twitter Web Client
- Some comments on the price of gas in Belding, Michigan: https://t.co/Wjdxw8f9pt 07:08:37 PM June 11, 2017 from Twitter Web Client
- RT @steve_hanke: Number of oil rigs continues to rise– reaching early 2015 level. Lagged oil prices will soon catch up to rig increases! $7… 07:04:57 PM June 11, 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.
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