Come on Grand Rapids! Hastings is $3.82, I was there last night. Lowell is $3.87, but Grand Rapids still isn’t any cheaper than $3.95! Honestly now… Lowell and Hastings stations aren’t much different than stations in Grand Rapids… they likely bought their fuel from the same rack as the stations from Hastings, but GR is STILL 15-cents higher per gallon! It’s been several days now and it seems no one wants to lower their prices, and average COST today is STILL $3.66! Prices have remained the same on the wholesale market, so come on! I’m not asking $3.66 overnight, but a penny lower every day!? This gets frustrating in times like this. Stations on average are making a margin of 34.6-cents per gallon. That’s a nice chunk there… and like I said, I’m NOT asking stations to make no money… but someone STEP UP and bring prices down. I think that if there one station or a chain of stations that would be consistently the first one to make bold steps lower how much positive publicity they could get from TheGasGame… but hey, that’s probably not enough, is it?
IKE UPDATE: Hurricane Ike is gone, but refineries are still closed, the worst off was likely Shell’s Deer Park, TX refinery that fell victim to a lot of rain. Damage is still minimal, but there are some light repairs necessary. STAY TUNED to the Refinery Status page to check on how restoration is going. ExxonMobil also reported water damage to its Beaumont, TX refinery. In the mean time, the massive 567,000bpd Baytown refinery is continuing to make progress towards a restart. Marathon had also said that their 76,000bpd refinery had been restored electrical power.