It seems that for the past month or so, retailers have been less enthusiastic about higher prices. Last week’s price hike, for instance, suggests a 2-cent Chicago Summer Premium (usually 10-cents at this time of year), and the price hike did not quickly spread around town. Then prices fell quickly over the weekend (8 cents in one day in Standale), and you can buy gas for $1.82 a gallon at the moment. However, futures prices keep rising, which means they’ll reset the prices again this week, to around $2.08. 1/2 CORRECT, 1/2 WRONG. Prices reset on Thursday to $1.99, not $2.08.
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.