Wholesale prices rose slowly at the end of last week, indicating a 20-cent margin price (with HU/RB averaging) of $3.12. Although prices were below $3 in most places on Monday morning, given how slowly I thought retail prices were dropping over the weekend, and the slight lowering of tensions in the Middle East, I thought we’d get through Monday without a price hike, so I didn’t fill up this morning. (I was planning a “price hike on Tuesday” prediction.) But oil prices are up today, and the NYMEX price is up 3 cents, so Speedway has hiked to $3.19, grabbing a bit more margin that usual. We’ll see if the competition keeps them in check, but at least in Standale, I’ve been disappointed in Meijer’s competitive spirit since the Citgo closed.
- It's the most wonderful time of the year ... to buy gas! https://t.co/rBFbqhfCgN 11:05:58 AM December 03, 2017 from Twitter Web Client
- Happy Thanksgiving! Not sure if we hike tomorrow or not ... https://t.co/djRBIMUSRB 07:10:52 PM November 21, 2017 from Twitter Web Client
- Crazy in Chicago -- fill up again! https://t.co/7qeVfPB32P 08:19:47 PM November 01, 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