Wednesday, June 1, 2011, Noon: Wow, what a hike to $4.19. My crystal ball has been rather foggy the past two weeks, but my friends at GasBuddy.com sent out a timely warning last night, and Bill also had a posting yesterday. Based on the way the market is acting so far today (lousy), maybe $4.19 won’t last.
Ten years ago today, on June 1, 2001, is when I stated my daily monitoring of gas prices and NYMEX prices. By the end of 2001, I had figured out what I needed in order to start making predictions. In June 2002, the “gas game” essay was published in the Grand Rapids Press, and on June 12, 2002, I started this blog with my first posting. So, for the next twelve months, we will be celebrating “10 Years of the Gas Game”. The gas price in Standale on June 1, 2001? $1.75 a gallon. — Ed Aboufadel