Tuesday, August 7, 2007, 2:45 PM:Â As Patrick has noted, wholesale prices took a dive yesterday.Â At the same time, there was a price re-set in Indiana to $2.75.Â Since they tend to be a dime cheaper than us, that gives us an approximate 20-cent margin price of $2.85 and a 0-cent margin price of $2.65.Â The NYMEX 0-cent margin price is $2.44 right now, but we have been dealing with higher midwest prices for a while.Â Since retail prices pretty much everywhere are at $2.85 or higher, we can expect falling prices the rest of the week and no price hike.
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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