Friday, June 14, 2013, 6:30PM: Good job by those refinery managers a few weeks ago. What, people want to buy gas in the summer to drive? Due to “refinery problems”, retail prices soared to $4.29 recently. Since the beginning of June, though, wholesale prices have dropped something like 80 cents, and if we could reset prices this weekend based on the cost to retailers, we would be looking at gas prices in the $3.45-$3.69 range. Conclusion: prices will drop considerably over the next several days, so don’t rush to fill your tanks. — 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.
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