Wednesday, March 5, 2008, 1:30 PM:Â AXXIS prices continue to run 18 cents below NYMEX prices, and Patrick recently quoted someone at OPIS who said that the upper Great Lakes is one of the weakest markets right now for gasoline.Â The high NYMEX prices seem to be affecting the two coasts a lot more.Â In further news, after yesterdays price reset to $3.19, NYMEX and AXXIS prices both fell hard, with AXXIS falling 8 cents.Â Using AXXIS prices, it seems like we have about an 18-cent margin for a price hike lately, so that puts the retail price range based on this afternoons AXXIS prices at about $2.95-$3.11.Â So, expect prices to drop the rest of the week and into the weekend, and look for gas under $3 in a few places.Â Isn’t the annual March ramp of gas prices coming soon?
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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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