NYMEX prices have gone down the last few days, and the end of the March contract seemed to have helped, too. This morning, we are looking at wholesale prices of about $1.87. That corresponds to a 20-cent margin price (with no Midwestern premium tacked on) of $2.61. With the recent fudge factor of about 8 cents due to living here rather than elsewhere, we get a range of $2.48 to $2.69. Low price in town this morning is $2.60. So, I see more room to fall and don’t see a price hike coming today or tomorrow. By Thursday, of course, the situation could be very different. I was CORRECT about no price hike on Tuesday or Wednesday, but didn’t have time to post before the price hike on Thursday to $2.79.
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.