Thursday, March 22, 2012, 9:15AM: Well, to be an optimist, at least the relentless rise in wholesale and retail gas prices that started at the beginning of February seems to be tapering off. NYMEX futures prices have been stable since March 9, while Chicago wholesale prices have stayed flat for more than a week. Based on my calculations, though, retailers are paying about $3.99 a gallon for their gas, which means that prices could drift down to $3.89 (what I call the 0-cent margin price) or re-set to $4.09. Clearly, Big Red and friends are reluctant to push prices over $4 in the area. They tried in Indiana the past weekend, but it didn’t stick. Hard to predict if they take another shot at $4.09 or not today or tomorrow. –Ed Aboufadel
Tweets from GasBuddyGuy
- Yesterday's predict of lower prices may be short lived. Decent rally today offset most of yesterday's losses for MI IN OH IL WI about 13 minutes ago from Twitter for iPhone ReplyRetweetFavorite
- Switch to summer gas to drive prices up in Northeast soon. Fill up. Follow @GasBuddy & @GasBuddyAlerts to know before prices jump #GasBuddy about 6 hours ago from TweetDeck ReplyRetweetFavorite
- RT @CNNMoney: What everybody is searching for on @google: Gas prices http://t.co/EsFIZqwcvM @GasBuddy http://t.co/n8lRoJ94jp about 8 hours ago from TweetDeck ReplyRetweetFavorite
- With today's swing in oil and gasoline spot prices, the focus turns to: is the peak #gasprice ahead or behind us? about 8 hours ago from TweetDeck ReplyRetweetFavorite
Why We Are Here
E-mail the authors!
Ed A.: abou...@gvsu.edu
Bill E.: paxm...@gmail.com
TheGasGame.com, the website, was originally founded by Patrick DeHaan, based off Prof. Ed Aboufadel's early coining of the term, the two then jointly merged their efforts under TheGasGame.com in 2005.
Note: To be precise, add 9/10 of a cent to all prices described on this web page.
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