Monday, September 14, 2015, 2:30PM: I know, it has been too long since my last post, but what I am supposed to post everyday — “Expect prices to fall?” What a crazy time it has been, as prices soared on August 12 and have been in free-fall for a month. Here’s the current setup: based on a midday quote of Chicago CBOB to $1.38 a gallon, I estimate the price-to-retailers to be about $2 a gallon here in Michigan. We are down to $2.07 in Sparta today, and $2.29 in a lot of places, so we *still have room to fall*. I know there are $1.99s and lower elsewhere in the Big Ten region — let’s see it here in the Grand Rapids area! Looking ahead, we could see some volatility later this week, due to the Federal Reserve meeting, and that could lead to a price reset at the end of the week. But it is too early to say, and we should be safe through at least Wednesday. — Ed A.
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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