Yesterday morning I was ready to predict a price hike, but then futures prices of oil and gasoline fell hard yesterday. Based on Monday’s closing prices, the 0-cent margin price (with an 8-cent Chicago Summer Premium) is $1.72. Also on my mind is that gas stations this month seem to have changed their behavior, from aggressive price hikes to aggressive price cutting. Speedway’s new 4% discount for their credit card also makes me wonder if we’ve now entered a more consumer-friendly period. So, I predict no price hike on Tuesday or Wednesday. As to Thursday, with the 4th of July weekend coming up, it seems a natural place for a price hike, but I’m not sure one way or the other about that. CORRECT — no price hike on Tuesday or Wednesday.
Oil/Gasoline Futures
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Why We Are Here
We enjoy predicting and trying to further our knowledge in the gasoline and oil industry. Our ultimate goal is to "win" the game of price hikes and to accurately predict hikes.
Current Contributors:
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.
Current Contributors:
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.