Sunday, March 7, 2021, 1PM: Here are the closing prices for a barrel of oil each Friday since Thanksgiving: $45.34; 46.26; 46.57; 49.10; 48.23; 48.40; 52.24; 52.36; 52.27; 52.20; 56.85; 59.47; 59.24; 61.50; 66.09. What a great investment — over 40% in a little more than three months. Is it any wonder that gas prices continue their march to $3 a gallon? This weekend in the Grand Rapids area, there seems to be a stealth hike in progress, with some $2.79s showing up, and even a few $2.89s. So, fill up as soon as possible today, and we’ll see what’s next. -EA
Oil/Gasoline Futures
Search TheGasGame.com!
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.
They aren’t even bothering with the Tues-Thurs spike routine anymore. Early morning / well after 5pm on monday 2.89 spikes over Flint & township
South Bend IN – Phillips 66 went to $2.89 on Sunday, nobody else has followed yet. At least 2 spikes in a row lead by Phillips 66. Filled up at Costco yesterday for $2.48 just in case. Speedway by ND down a bit to $2.65.
Niles MI – A few miles north the Niles Speedway and WMT are at $2.85 & one Phillips 66 at $2.89.
SW Ohio is doubling down on the $2.799 spike price of a week ago.
The imminent end of Speedway looks to mean higher prices on average, at least in Chicagoland. Speedway’s last spike to $2.99 on the 6th has not retreated much. But on Friday-Saturday 2 other corporate enterprise with a sizable number of company owned stores in this area, Circle K-Shell and 7-11 went to $3.19. So if they will be the new price setters we are in trouble. Then again, while I was out shopping this morning – passed a Speedway at $2.89 on the way there and on the way back THEY were at $3.19. Speedway app shows many have gone up. So a rare Saturday hike one weekend followed by a Sunday hike the next, Spot and wholesale trends through Friday didn’t remotely warrant this, but Monday is the day summer blend kicks in so maybe there is a supply crunch in that.
Looks like prices are in a very rare, as of late, price spike range. I cannot remember the last time I saw a negative sign in the spike line price. Seems like well over a year ago…Pump prices around ne are pushing 20 cents under the spike line. Guess I better fill up for $2.57 because I’m thinking at least $2.89 if not higher any minute now? Jim said $3.19 in Chicago…might Indiana break the $3 barrier? Seriously, I was only joking a month ago when I said by spring.. SMH.
South Bend IN – Phillips 66 was the only 1 that went to $2.89 on Sunday 3-7 & ~ half of the 36 are still there. Speedway down .04 since then to 2.61. Costco 2.46, SBN avg 2.68.
Niles MI – A few miles N the Speedway is at 2.49 & WMT 2.48. The Phillips is $2.85.
Crude in a free fall today; under $59/bbl, -9%. Hopefully it is the end of the Winter oil/gasoline rally.