Monday, March 7, 8:00AM: Although retail prices rose to $3.55 last Wednesday (as I suggested a week ago), wholesale prices continued their relentless climb, fueled by the spike in oil prices, the weaker dollar, and the switchover to “summer gasoline” that is in progress. According to AXXIS, the wholesale price for a gallon of gas was $2.88 on Friday, while according to NYMEX, it is more like $3.05. The truth is probably somewhere in-between, and it leads to a 0-cent margin price (my estimate of the cost to the gas station owners) of somewhere around $3.50. So, I believe there is one more price hike coming, to the neighborhood of $3.69. Then, I think (hope?) that will be it for a while.
- History shows -- gas prices not always boring (and maybe a hike coming up this week): https://t.co/hMkQLmUIFq about 7 hours ago from Twitter Web Client
- Fill up ... https://t.co/S2scAOTVvQ 08:09:40 PM July 25, 2017 from Twitter Web Client
- Best guess is a system-wide reset before the holiday weekend -- back to $2.39. Read this for more: https://t.co/QbBEWHsgbE 03:11:57 PM June 27, 2017 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.
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