Friday, August 11, 2006, 9:30 AM: What a crazy week this has been. On Monday, we awoke to news of the Prudhoe Bay oil field being shut down, and hysterical warnings to fill your tanks before gas is $4 a gallon. On Thursday, we awoke to news of a foiled major terrorist plot. By the end of the day on Thursday, gasoline futures on NYMEX had dropped 31 cents from where they were a week earlier, when we got the hike to $3.19. As I posted on GrandRapidsGasPrices.com yesterday, if I was running for governor, I would demand that Speedway and friends immediately drop prices to $2.75 in response to market conditions, just like they do when futures spike 31 cents. The upshot is expect significantly lower prices over the next several days, unless we get a bizarre u-turn in wholesale prices.
- RT @TomKloza: Trust me. This week's US crude oil inventory build (+1.2-million bbl) is a head fake. High runs and high exports will lead to… 09:12:23 AM July 07, 2018 from Twitter Web Client
- Expecting $3.09 again ... https://t.co/MkAhvZ197I 09:12:02 AM July 07, 2018 from Twitter Web Client
- RT @GasBuddyGuy: July 4 travel: Motorists will be shelling out $1B more the first four days of July this year than they did last year as #g… 09:50:36 AM July 01, 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