Wednesday, February 26, 2014, 6:30PM: Although I am still perplexed about what happened last week, I have some clarity about what will happen tomorrow. Last Thursday, on Grand Rapids Gas Buddy, there were postings of several stations at a new price of $3.65. Then, a few hours later, those postings were gone. Instead, on Saturday morning, we got our third Saturday hike in a row, and of course the new price was … $3.65. Retail prices have been following higher wholesale prices, which we usually see in February, particularly in regions influenced by Chicago. Well, we have a new high for 2014 in wholesale prices tonight, and I calculate the cost to retailers to be $3.59 a gallon. Since prices in and near Grand Rapids are in the $3.44-$3.65 range, we are looking at price hike on Thursday. Estimated new price: $3.75. –Ed A.
- Wholesale prices jumped up 10 cents a gallon today. Don't be surprised to see $2.49 on Thursday. -EA 09:04:20 PM February 25, 2015 from TweetDeck
- Darn it! Price hike today. http://t.co/KzfnM4mk15 08:20:11 PM February 21, 2015 from TweetDeck
- Here's the math behind yesterday's price hike -EA http://t.co/6UCSURUgi7 09:53:54 AM February 11, 2015 from TweetDeck
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Ed A.: abou...@gvsu.edu
Bill E.: paxm...@gmail.com
We enjoy working to predict and further understand the "game" behind gas prices.
Further discussion of the Gas Game at GasBuddy.com
Note: To be precise, add 9/10 of a cent to all prices described on this web page.
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