Sunday, August 19, 2012, 9:45AM: Have we topped out for the summer? Since the August 10 re-set to $3.99, retail prices have been dropping into the $3.70’s, in part because wholesale prices have been falling, too. Seems like they are getting those refineries and pipelines fixed. We’ll keep monitoring the brother-calls theory. As of Friday’s close, I calculate a price-to-retailers of $3.67 a gallon, which corresponds to a price floor of $3.57. With $3.75 being the cheapest in Grand Rapids, we have room to drop further. So, the earliest I would anticipate a price hike in Thursday, and that depends on how the markets trade the next few days. Prediction: falling prices continue. — Ed Aboufadel
Oil/Gasoline Futures
Search TheGasGame.com!
TheGasGame Twitter
- RT @GasBuddyGuy: Back in #Chicago: $3 gas. We didn’t miss you. Up from $2.97 this morning and likely to climb further. 😡 https://t.co/7dGqA… 07:11:31 PM April 18, 2018 from Twitter Web Client
- RT @GasBuddyGuy: $5 GAS... is back in Essex, CA at two stations today, as crude oil prices continue to race higher and gasoline demand that… 07:11:23 PM April 18, 2018 from Twitter Web Client
- RT @FamilyExpress: #GasPriceForecast: Fuel prices are likely to increase over the next 12-24 hours throughout our service areas. Fill up wh… 07:11:10 PM April 18, 2018 from Twitter Web Client
Why We Are Here
We enjoy predicting and trying to further our knowledge in the gasoline and oil industry. Our ultimate goal is to "win" the game of price hikes and to accurately predict hikes.
Current Contributors:
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.
Current Contributors:
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.
Frequent Topics
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
WP Cumulus Flash tag cloud by Roy Tanck and Luke Morton requires Flash Player 9 or better.
What happens to the whole fuel scenario should Israel/Iran go at it? I think it will be an economic disaster that would be worldwide. Havn’t noticed a lot of talk along this line either…other then the Israeli’s sound like they are NOT backing down.
Thoughts?
Prices have topped out at $3.95, regardless of crude price, geopolitics, demand, or refining capacity. Took the oil industry a while to get there but here we are.
Very clever.