Sunday, December 3, 2017, 11:00AM: Back in early September, oil was trading at $48 a barrel, and price reset in Michigan to $2.79 on the 5th. On Friday, oil was trading at $58 a barrel, and gas prices … as low as $2.19 in Wyoming. But, I also saw a $2.69 yesterday in Lansing, and everything in between in the southern part of the state the past two weeks. So, what’s going on? For one, retail gas prices tend to drop in the fall, typically bottoming out in December, as we switch from summer to winter gas. Also, we had a spike in wholesale prices in the first week of November, related to some temporary shortages that have been worked out of the system, and it looks like some of the stations are having a “clearance sale” now to right their books. One other consideration is that ethanol, which makes up 10% of what you put in your tank, has been dropping in price the past few months. Looking ahead short term, I think we reset across the board this coming week, in the neighborhood of $2.59. Longer term, I suspect we’ll be starting our winter price climb this week, as gas prices catch up to oil prices. -EA
- We're back in price hike territory ... https://t.co/dSmYcmu2Zb about 23 hours ago from Twitter Web Client
- Garden variety hike for Flag Day ... https://t.co/YBouxJYFHo 07:23:34 PM June 12, 2018 from Twitter Web Client
- Nice prices drops lately ... it probably won't last: https://t.co/2vzKoSSKjL 06:28:11 PM June 03, 2018 from Twitter Web Client
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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