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
- How did we get to $2.69? Why will we go back to $2.99 soon? https://t.co/W7jbVBHx73 about 14 hours ago from Twitter Web Client
- RT @TomKloza: Trust me. This week's US crude oil inventory build (+1.2-million bbl) is a head fake. High runs and high exports will lead to… 09:12:23 AM July 07, 2018 from Twitter Web Client
- Expecting $3.09 again ... https://t.co/MkAhvZ197I 09:12:02 AM July 07, 2018 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.
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