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.
- Thinking we are going to see $2.65 on Wednesday. -EA http://t.co/SzF0KBZ3p3 about 52 minutes ago from TweetDeck
- The Shadow of #Glencore may mean a price hike to $2.59: http://t.co/qNCEn6knbM 09:28:57 PM September 29, 2015 from TweetDeck
- Still no rush to fill up -- maybe later this week? http://t.co/lRLcYi21bN 02:38:43 PM September 14, 2015 from TweetDeck
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