Tuesday, April 15, 2014, 9:00PM: Despite the fact that ethanol prices are back under control, Monday’s price hike had the same flavor as other recent hikes. That means that the price to retailers still has an ethanol premium included, or those red colored stations are pricing gas pretending that ethanol is still a problem and hoping we just live with it. A clue that it may be the latter was the curious behavior in prices along Lake Michigan Drive the past two days. While prices in Grand Rapids were popping to $3.89 everywhere, the Family Fare at Collindale held in the low $3.60’s, and Speedway was forced to follow. Tuesday morning, they still had those prices, as did the Marathon down the road in Standale. GoLo there was at $3.79, though, and at 3PM today as I drove by, Speedway and Marathon decided to try $3.85. They’ll be back to at $3.79 or lower tomorrow, and we see this sort of behavior when there is a lot of room for prices to move, as I think there is right now. I am calculating a price to retailers of about $3.54 right now. The easy prediction recently has been “expect another hike”, although my math models don’t quite say that. In these times, we sit back and watch. — Ed A.
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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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