Wednesday, January 2, 2013, 7:20PM: Happy New Year! Over the last few years, we’ve pointed out a pattern of gas prices being in line with stock prices. This made sense as financiers create more and more instruments to trade gas and oil like stocks. Lately, though, there has been a disconnect, and we’ve seen it this week. The stock market soared Monday on expectation that Congress would agree on a “fiscal cliff” law, and then today after the law was passed. Yet, wholesale gas prices actually have gone down a dime this week so far. So, unless wholesale prices decide to play catch-up tomorrow, I’m expecting gas prices to continue to slide at least until Monday. — Ed Aboufadel
- Probably have another hike on tap, to $2.49. That means less $$$ to go out to eat: https://t.co/WRm4ZgIYV4 11:36:40 AM August 21, 2016 from Twitter Web Client
- https://t.co/dHqyu6hca0 04:53:02 PM August 14, 2016 from Twitter Web Client
- I suspect they'll reset everything this week, probably back to $2.39. Maybe as soon as Monday? -EA 04:52:47 PM August 14, 2016 from Twitter Web Client
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