Archive for the Tag 'competition'

The Speedway Effect, Cincy style

Recently there was an article and news story on WCPO in Cincinnati about Speedway. In it they said a lot of things TheGasGame readers would already know, plus something I found interesting at first, and one outright falsehood.
They come right out of the gate letting us know Speedway’s secret: Real estate.
“We wanted [...]

Not feeling like playing today: fill up for $1.50 if you can and go home

Tuesday, December 23, 2008, 1:45 PM:  Let’s review what has happened since the double-hike of December 11.  First, in Standale, Meijer didn’t match the second hike to $1.75, so prices were back to $1.59 the next day.  (Hooray for competition!)  Since then, they have not changed very much and were $1.55 or so this morning.  [...]

We’re rounding the corner… Chinese Economic Stimulus to cause higher prices

I’m getting quite close to announcing a price hike in Grand Rapids and other Michigan areas as wholesale prices rise this morning, due to news of a Chinese Stimulus program to help their economy. This is not good news for consumers, as we’ve benefited from lower Chinese demand in the form of less competition for [...]

$4.09 comes a bit late, whats next?

First off, any rumor of $4.50+ gas in the Midwest is FALSE.
Just home from work and posting here to help aid in killing false rumors.
First of all, don’t expect shortages of gas. There is no need to panic buy, prices will come down over time, but the worse thing folks can do is think there [...]

Expected Price Calculation

Expected retail price = 1.06*(WP + RM + FF + TX + MS) + ST
WP = estimated wholesale price
(average of current and next month futures prices)
RM = estimated retail markup (as much as 20 cents per gallon)
FF = Fudge factor, which takes into account variations between New York and Chicago wholesale prices, and competition situations [...]

Yesterday was strange

On Monday morning, a price hike this week made sense to me, based on the NYMEX prices, and I posted a price hike prediction.  By Wednesday morning, though, NYMEX prices had dropped, making a price hike less likely.  Speedway decided to hike to $2.29 on Wednesday, but the wholesale price didn’t back them up, so [...]

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