Another price hike to $2.59? What is going on here? I’ve been laying low this month because I am having trouble figuring this out. The weekly report that the DOE publishes on gas prices (tonto.eia.doe.gov/oog/info/twip/twip_gasoline.html) does indicate that wholesale and retail prices in the Midwest are running at least 10 cents higher than for New York, and that explains the “Chicago Premium” we are paying right now. Also, frequent price hikes like we have seen lately occurs when wholesale prices are rising sharply. In the past, Speedway et. al. haven’t let retail prices drop to the 0-cent margin price when frequent wholesale prices occur.The question is why are Midwest prices so high right now? My Gas Buddy pdhaudio says the (Midwest?) refineries are slowing down production. Let’s keep an eye on this, and let’s worry, because NYMEX is up 9 cents today, as of this writing! There was another price hike on Thursday the 16th to $2.65. It was not enthusiastically embraced by all retailers, though.
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- Diesel prices are on my mind, and Michigan seems to have avoided a Midwestern hike so far: https://t.co/2vuUW5O5LP 03:12:26 PM May 14, 2023 from Twitter Web App
- Nothing like a 40-cent difference in the same county: https://t.co/EWWMJGEPpI 02:22:52 PM May 07, 2023 from Twitter Web App
- A reasonable price right now in Michigan: $3.39. Details here: https://t.co/nTDJqXpahS 01:36:28 PM April 30, 2023 from Twitter Web App
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.