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 another month or so, it should be clear how to use the new “RB” contract. Although we are not happy about recent price hikes, they actually could have been worse, but Speedway and friends are using smaller margins right now, rather than price gas over $3. Another positive is that wholesale prices have dropped nine cents since Monday, meaning some stations will set prices below $2.80 over the next few days, I predict. All went as predicted, with no price hike, and prices below $2.80 at several places, including along Alpine, so CORRECT!
- Crazy in Chicago -- fill up again! https://t.co/7qeVfPB32P 08:19:47 PM November 01, 2017 from Twitter Web Client
- Gas price hike: Indiana on Thursday, so Michigan on Monday, right? https://t.co/QJCd7kCHRe 05:06:47 PM October 29, 2017 from Twitter Web Client
- RT @TheGasGame: Not good news ... https://t.co/M4tQOi6xLJ 08:21:45 PM October 24, 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.
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