Sunday, May 20, 2012, 2:30PM: We are pretty much in the exact same spot we were a week ago. After a price hike that reached higher than usual, one that was not embraced universally by retailers, retail prices have fallen to equal to the cost to retailers (estimated at $3.67). Last Monday, we got a price re-set, although re-sets usually occur when prices are a dime below cost. Since Speedway and friends are being more aggressive lately, I am anticipating that they’ll try again on Monday or Tuesday, to either $3.79 or $3.89. The wildcard is that the price of oil dropped 5% last week, but that didn’t affect wholesale gas prices in the Midwest. (NYMEX prices dropped a dime since last Sunday.) Nevertheless, I am going to fill up Monday morning at $3.65 or so, predicting a hike. –Ed Aboufadel
- Back to $2.59 tomorrow or Wednesday? Yes, it looks like that's exactly what will happen: https://t.co/FgUJF953tN 07:14:22 PM November 25, 2019 from Twitter Web App
- $4 gas in Hawai'i (except at Costco). Meanwhile, in snowy Michigan ... https://t.co/XXCIs8FYN7 06:19:26 PM November 17, 2019 from Twitter Web App
- After Michigan lucked out last week with gas prices, we are looking at a hike on Monday or Tuesday. Details: https://t.co/iFn2MlziLY 08:25:46 AM November 03, 2019 from Twitter Web App
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.
AXXIS capacity Chicago Premium competition contracts demand diesel DOE dollar expansion fire fudge factor futures gasoline gas prices gouging Hurricane indiana inventories maintenance margin market no prediction NYMEX Ohio oil PADD prediction price hike prices fall production profit refineries refinery refinery utilization report retailer shutdown Speedway stockpiles storage tv utilization wholesale prices WOOD