Archive for August, 2006

Ernesto to force GR gas price hike!

Happy Friday to everyone, finally getting some cheaper prices around town that I have been predicting for the last two weeks. Its nice to see 2.57 at the pump again, but it’s NOT going to last!
Currently, believe it or not, Michigan is seeing some of the cheapest gas prices in the nation- the lowest station [...]

$2.51 or $2.79?

Comment on last week’s prediction: Prices have kept falling, slowly but surely, to under $2.70 as of the morning of August 23, so the prediction was CORRECT.
Wednesday, August 23, 2006, 8:30 AM: Welcome to my new web site for The Gas Game! The collapse in wholesale prices during the first week of August is finally [...]

Saturday Update- Prices continue to fall

Prices in the Grand Rapids area have been steadily falling from 3.19 a few weeks ago to near 2.70. Prices should continue to come down, but as of Friday afternoon, the wholesale gasoline contract rose a few cents on continued worry about Iran and finally absorbing the inventory news from Wednesday. Wholesale gasoline closed about [...]

GR Gas Price Update- Prices to continue their fall

Just an update on prices in the Grand Rapids area:
In my last e-mail about a week ago, I stated that prices would be coming down to perhaps 2.65 in a week or two, but now I might have to say that we might see 2.59 coming soon.
Wholesale prices continue to drop even though the DOE [...]

Prediction: prices keep falling all week

Comment on last week’s prediction: Prices are falling, but slowly, not significantly, so 1/2 CORRECT, 1/2 WRONG.
Monday, August 14, 2006, 12:30 PM: Wholesale prices have fallen hard, including an 8-cent drop today. According to NYMEX (and CNBC), we have a wholesale price of $1.98, which corresponds to a retail price in the $2.50 to $2.75 [...]

Prediction: Lower

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 [...]

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