Friday, July 6, 3:10 PM: NYMEX wholesale prices have been about the same since mid-June, while the two hikes to $3.19 the past two weeks indicates wholesale prices here are running about 15 cents above NYMEX. That’s the dreaded Chicago Summer Premium, which is bad this year as a hangover from the refinery troubles in May. It is hard to determine how long the CSP will last. Today, I’m seeing indications that wholesale prices are up 3 to 5 cents. That should mean we won’t see any big retail price drops this weekend. I’m going to start watching Chicago prices rather than Minnesota on AXXIS, as I continue my pursuit of more accurate wholesale prices.
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.
We had a 7 cent increase Friday night. Which puts cost at around $3.06.
Speedway just restored to $3.259.