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
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.
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