Gas Price Increase Coming?

September 23rd, 2012 at 12:20 am by under Bill's Blog, News, Weather

The latest from Ed:   Saturday, September 22, 2012, 8:45 PM:  Gas prices peaked at $4.09 in Grand Rapids on September 10, and have fallen slowly but steadily since then. Oil has had its up-and-downs this month, and jumps in the wholesale price of gas at the end of this past week has put us into a price-hike zone.  I calculate that gas stations are paying $3.96 a gallon this weekend, while prices are in the $3.80′s, so we should get a price reset on Monday or Tuesday.  It shouldn’t be any worse than the $4.09 from two weeks ago. –Ed Aboufadel

14 Responses to “Gas Price Increase Coming?”

  1. Barry in Zeeland says:

    Anyone else sick of getting bent over by these ridiculous oil companies? I think ever since that gulf oil spill WE are the ones who have ended up paying for the whole thing.

  2. Mantis says:

    With the exception of the middle-east, we pay some of the lowest prices for fuel in the world. I just returned from Thailand where gas was about $6/gallon. Japan is close to $6 as well. Germany is over $7. I’m not going to complain about gas being $4/gallon here.

  3. Mike says:

    You people that keep buying from Greedway are the one’s supporting the increases every week. They are the first to raise theirs EVERY time and they also decided how much it is raised. Its a fact. Check surrounding states that don’t have speedway. The prices do not jump like they do here.

  4. Derek says:

    Yep.. .mike is right. Speedway is the one responsible for this bull…. every time. No where else has this wild price swings as the states that speedway is dominant. BTW — speedway is owned by Marathon … who coincidentally owns the distribution plants in the area.

  5. Roger says:

    I have not purchased gas from Speedway in almost 2 years. They raise prices like a rocket and lower them like a feather.

  6. Bman says:

    Complaining about gas prices is like complaining about the weather. Nobody here has the power to change it, So quit complaining and pointing the finger at whose to blame. Either get an electric car or start riding your bike if it kills you to pay a little for your fuel. Besides maybe if demand fell so would the price. So start walking!

  7. Mike M. says:

    I blame Obama!

  8. gage says:

    obama i blame get out of office.

  9. Ned S. (Now in South Holland) says:

    Interesting as one today’s news stories was about how gas prices have dropped in the past couple of weeks. I don’t recall on which channel the story aired or whether they were predicting a continued softening of gasoline prices. I noticed that gas in Holland went from around $3.74 per gallon to $3.99, today. It’s bizarre how the price of gasoline is so volatile.

  10. gordon says:

    why doesn’t the government regulate these oil companies like they do the other utility companies. consumers isn’t raising and lowering their prices because there is unrest in the middle east. there is always unrest in the middle east. they want to kill us all! if a presidential candidate wanted to win, promise that he’ll pass laws to get wall street profit out of oil production. thats what drives the oil prices. i don’t think its speedway.

    1. Bill Steffen says:

      Oil companies do have many regulations to comply with. One problem is that many of the oil companies are not American. Exxon-Mobil is the largest U.S. oil company, but it’s only the 17th biggest oil company in the world. Shell is Royal DUTCH Shell, BP is BRITISH Petroleum. Citgo is owned by the government of Venezuela. Oil is also a worldwide commodity. If we don’t buy oil from Shell, or make it too difficult to buy their product, they can sell it to someone else (China, India, Indonesia). When I get a heads-up about an impending gasoline price hike, I like to pass it along so we can save a few cents.

    2. Ned S. (Now in South Holland) says:

      I hate paying $4 per gallon as much as the next person. That being said, when you start talking about the gov’t regulating profits, that’s the last thing we need. After the oil companies, there will be another industry the gov’t goes after. I’ve seen enough gov’t regs. during the past 3 1/2 years.

  11. Jack says:

    $$$$$$$$$$$$$$$$$$$$$$$ Again…. :-(

Leave a Reply