Tuesday, October 21, 2008, 9:20 AM: The following question has been posed to me several times the past month: On July 15, oil was at $145 a barrel, and gasoline cost $4.25 a gallon at the pump in Grand Rapids. Last week, oil was $72 a barrel, and gasoline cost $2.96 a gallon. If the [...]
Archive for the Tag 'Hurricane'
That’s right folks- we’re in a huge downward trend. I’ll be the first to say I screwed up! I filled up for $3.77 (wow, seems like a while ago!) just TWO WEEKS ago… I’m still burning through that tank in fact. Was that a mistake? YES! Is it a mistake to do the same thing [...]
As prices continue to fall here in the Midwest, the South has not yet forgotten the sting and pain that Hurricane Ike brought, roughly 3 weeks ago. Atlanta, GA is still suffering from periodic gas shortages and high prices. The same is occurring in other locations in the South. Here in Michigan it is relatively [...]
Come on Grand Rapids! Hastings is $3.82, I was there last night. Lowell is $3.87, but Grand Rapids still isn’t any cheaper than $3.95! Honestly now… Lowell and Hastings stations aren’t much different than stations in Grand Rapids… they likely bought their fuel from the same rack as the stations from Hastings, but GR is [...]
Oil seems likely to continue its fall tonight and tomorrow as Big Oil assess its refineries after Hurricane Ike. Grand Rapids prices should head WELL South of $4! Also according to Reuters calculations, here are some of the numbers that have impacted gasoline prices: CUMULATIVE IMPACT OF GUSTAV AND IKE *20.48 million barrels of crude [...]
Monday, September 15, 2008, 4:20PM: I think we’ll look back on this weekend as the turning point for gas prices for quite a while. On Friday and Saturday, there were price hikes to $4.09 and then $4.19, driven by fears of massive shortages due to Hurricane Ike striking Texas, and a sense that we were [...]