Wednesday, May 27, 2009: I am happy to announce a new writer to join me on this blog. Indianapolis resident Bill Eby is going to start posting on The Gas Game, providing a point-of-view from the Hoosier state. As we have seen, gas prices in Michigan, Indiana, and Ohio are closely tied together, and Bill has been an effective predictor of price hikes with his posts on Indianapolis, Michigan, and Indiana Gas Buddy sites, under the name “Paxman”. Bill works in the telecommunications industry. Welcome, Bill!
Tag: price hike
Wednesday, May 27, 2009, 3:20 PM: I am hearing of more wholesale price craziness in Chicago yesterday and today, craziness that I don’t understand. The consequence, though, is possibly another price hike on Thursday. So, if you see the guy with the stick at 9AM tomorrow at Big Red, you know what you need to do.
TheGasGame.com was started officially back in 2006, but has roots going back many more years. Ed and I started posting together here at TheGasGame after we found out about each other through GrandRapidsGasPrices.com, a GasBuddy.com site that tracks gas prices. Ed and I both had a hobby and fascination with gas prices and were posting information we hoped would help others save on gas. It’s the same reason GasBuddy.com and GrandRapidsGasPrices.com are successful- helping consumers find low gas prices. We had a mission of successfully predicting gas price hikes and have had a good accuracy rate.
A few years ago, I contacted GasBuddy about putting some charts, graphs, and other information on the site and was allowed to do so with their blessing. My interest evolved and I started the blog here with Ed thanks to GasBuddy. Time has gone by and prices have become even more unstable it seems.
This past fall and winter, the folks at GasBuddy contacted me to see if we couldn’t pool our thoughts, ideas, and passion- to help consumers find low prices and to help them understand the fluctuations in prices. As a result of those conversations, I was offered a position at GasBuddy, an offer I accepted. Beginning yesterday I am now the Lead Petroleum Analyst with GasBuddy. I am working on doing much of what I did here at TheGasGame at GasBuddy.
We’ve started some new avenues to get information out fast, such as the GasBuddy Twitter Account (follow our updates!) and a Facebook presence. These are tools in fighting gas prices and SAVING MONEY! I’d rather save it and spend it on something a bit more enjoyable than pumping gasoline!
I will no longer be actively posting here, but Ed will remain here and he may have some announcements to make. TheGasGame.com will remain the same, but I will be posting on a larger scale for GasBuddy.
I’ll be sure to give more information or links when I start actively blogging with GasBuddy, but for now, check out those links. I wanted to thank every reader and fan for reading. I’ve been given a great opportunity to help even more people understand gas prices and to try and save money. Let’s do it!
Monday, May 18, 2009, 8:45 PM: I just updated my spreadsheets, and NYMEX gas prices were up 7 cents today. The new 20-cent margin price is $2.49. There’s definitely a price hike coming, tomorrow or Wednesday, to something above $2.39.
Comment on Sunday’s warning: It wasn’t so much a prediction as a warning — to fill up on Monday morning — and it was a CORRECT warning, as prices rose that day to $2.39.
Thursday, May 14, 2009, 8:25 PM: Wholesale prices continue to climb, and the 20-cent margin price this evening is $2.44. With a good number of places at $2.25, that means there is a decent chance of a price hike on Friday. I am not going to go so far as to call this a prediction, because it feels like a 50/50 chance to me. But be extra vigilant for the guy with the number stick on Friday.
Sunday, May 10, 2009, 9:00 AM: The stock market climbs 10% in two weeks, with bank and energy stocks soaring even more, and wholesale energy prices do the same. Last week, NYMEX climbed by 19 cents a gallon, which led to the Tuesday price hike to $2.29 and the slow motion price hike this weekend to $2.34. With the 20-cent margin price now at $2.43 … fill up today for $2.29 or less!