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
- Prediction: $2.95 in Michigan on Wednesday. http://t.co/2exxyqcBNo about 7 hours ago from TweetDeck
- Latest post: http://t.co/GfU73vVNkO 06:54:46 PM June 25, 2015 from TweetDeck
- RT @GasBuddyGuy: $3.35 an hour ago, $3.19 now. 16 cent drop. How about another 16 cents by next hour? Please and thank you. (Chicago) http:… 06:54:38 PM June 25, 2015 from TweetDeck
Why We Are Here
Ed A.: abou...@gvsu.edu
Bill E.: paxm...@gmail.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.
AXXIS capacity Chicago Premium competition contracts demand diesel DOE dollar expansion fire futures gasoline gas prices gouging Hurricane indiana inventories maintenance margin market no prediction NYMEX Ohio oil PADD prediction price hike prices fall production profit rack prices refineries refinery refinery utilization report retailer shutdown Speedway stockpiles storage tv utilization wholesale prices WOOD