Month: November 2013

Gas Stations to Thwart Holiday Hike Meme

Comment on the November 18 prediction:  In Indiana and Ohio, I was CORRECT, as prices rose, but in Michigan, we had to wait to Friday … and my predictions are supposed to be for Michigan.  So, WRONG.

Monday, November 25, 2013, 6:30PM:  Wholesale prices spiked a bit last week, leading to hikes across the board.  Now they are backing off, so there is a decent gap between retail prices and the cost to dealers.  This should lead to regular downward pressure on prices throughout this holiday week.  So, no rush to fill up. –Ed Aboufadel

Cyclical Pricing to Strike Again

Comment on the November 11 prediction:  Prices did rise the next day (CORRECT), but only to $3.35 (a bit WRONG).

Monday, November 18, 2013, 8:00PM:  Retail prices have been dropping like a rock, but wholesale prices have not, setting a price hike this week.  With prices as low as $3.03 in Rockford, we are looking at a hike coming on Tuesday or Wednesday, maybe back to $3.35.  Cross our fingers, though, that a hike this week will lead to no hike during Thanksgiving week.

In Gas Game alumni news, former GG writer Patrick DeHaan was interviewed recently by CBS Chicago, providing a nice explanation of cyclical pricing in the Great Lakes region.  –Ed Aboufadel

Too Good To Last

Comment on the October 28 prediction:  A perfectly CORRECT prediction, as prices rose the next day to $3.45.

Monday, November 11, 2013, 6:30PM:  It has been a lovely run the past few weeks, and while I hoped we would see $2.999 in Grand Rapids this week, the latest numbers suggest otherwise.  With jumps in wholesale prices the past few days, I’m calculating a cost to retailers of about $3.08 a gallon.  The cheapest gas in the Grand Rapids area is even less, at $3.05 in Sparta, and that’s our trigger for a price hike.  I’m expecting a jump tomorrow or Wednesday, back to the neighborhood of $3.45. –Ed Aboufadel (c) 2017 Frontier Theme