Tuesday, September 13, 2011, 6:50PM: Now that the summer driving season is over, wholesale prices have started to drop — 36 cents since the end of August, much of it the past few days. I estimate the 0-cent margin price tonight at around $3.33 (that’s the floor for retail prices), and the cheapest gas in town is $3.62 right now. So, we can expect prices to fall the rest of the week and through the weekend. Great! That’s a prediction. — Ed Aboufadel
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.
You are about 14 cents off on your 0 cent margin.
AGREE!!!
Lets get it back down to below $2.00 a gallon…
It CAN Happen!!!
There is NO Shortage, Just GREED, ONLY GREED!
That what it’s all about!
Prices will fall by a handful of cents then next week Big Oil will notice we’re at $90/bbl already and back to $3.79-3.89…
If gas at the pump falls below 3 a gallon that means the economy is in the shitter again. While I would like it to be cheaper again…and I have a good job with tons of seniority…we don’t wanna see the economy go in the dumper again. Fuel price is SORTA a look at the economy as a whole. If its good then the price is up…and vice a versa.
And then again I think the economy is doing better then the newspapers and talking heads say it is. Railroad is busy where I work at here in GRR. Wages are up for us, we have money to spend and are spending it.
Big down day for crude oil and gasoline:
* New York November crude oil futures down $5.41 to settle at $80.51.
* New York October gasoline futures down 10.65¢ to settle at $2.56.
* Chicago spot market gasoline down 17.39¢ (6.426%) to $2.5325.
This puts the current spike line for Michigan around $3.2848.
Current averages:
$3.614 Ann Arbor
$3.584 Grand Rapids
$3.579 Michigan
$3.574 Detroit
$3.565 USA
$3.498 Kalamazoo
$3.492 Flint
$3.395 Lansing
Lansing and Mason occupy the top 15 lowest prices in the state, ranging from $3.109 to $3.209. The BP next to Detroit Metro Airport is $3.999.