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What will be the weekly retail gas price released by the EIA on August 18, 2008?

Settled as Gasoline Price is between $3.751 and $3.800

Settled as between $3.751 and $3.800, as EIA average for Gasoline-All Grades was $379.4, released on Monday, 8/18

Background:

Who would have believed gas prices dropping like this before Labor Day....down to $3.864 for an All Grades average last Monday...And oil prices have continued to drop a bit more...in my neighborhood, the gas prices are in steep decline, under $3.50 in some locations. What will be the effect on the national price averages this Monday?

Results from the past few weeks:
7/7/08 $4.165
7/14/08 $4.164
7/21/08 $4.11.8
7/28/08 $4.010
8/4/08 $3.935
8/11/08 $3.864

http://tonto.eia.doe.gov/dnav/pet/pet_pri_gnd_dcus_nus_w.htm

We're using the "gasoline-all grades" data for this question.

Market suspend early Monday morning before any reports can be released.


Settlement details: As reported by a major mainstream news source based upon data released by EIA for 'gasoline-all grades.

 
Forecast history, %
   Zoom in

Settled

Gasoline Price is at or below $3.700 per gallon
3%
Gasoline Price is between $3.701 and $3.750
12%
Gasoline Price is between $3.751 and $3.800
29%
Gasoline Price is between $3.801 and $3.850
45%
Gasoline Price is between $3.851 and $3.900
10%
Gasoline Price is at or over $3.901
1%
Activity: H$2,930
Settled as Gasoline Price is between $3.751 and $3.800 on Mon 18th Aug 2:18pm PDT

Suspend date: Mon 18th Aug 5:45am PDT Settlement date: Mon 18th Aug 2:18pm PDTPrediction cut-off: Predictions on this question after Mon 18th Aug 5:45am PDT have been voided because they were made after the question could be settled

Initial likelihoods: Gasoline Price is at or below $3.700 per gallon: 5%, Gasoline Price is between $3.701 and $3.750: 15%, Gasoline Price is between $3.751 and $3.800: 28%, Gasoline Price is between $3.801 and $3.850: 38%, Gasoline Price is between $3.851 and $3.900: 12%, Gasoline Price is at or over $3.901: 2%

Action history:

Created Fri 15th Aug 9:27am PDT by bayoubear[Admin]
Suspended Mon 18th Aug 5:45am PDT : Suspend date reached
Settled as 'Gasoline Price is between $3.751 and $3.800' Mon 18th Aug 2:18pm PDT by bayoubear[Admin]: Settled as between $3.751 and $3.800, as EIA average for Gasoline-All Grades was $379.4, released on Monday, 8/18

Suspend date: Mon 18th Aug 5:45am PDT Settlement date: Mon 18th Aug 2:18pm PDTPrediction cut-off: Predictions on this question after Mon 18th Aug 5:45am PDT have been voided because they were made after the question could be settled
more info...

 

Predictions (22)

22 predictions

15 weeks ago
dragon01 predicted Gasoline Price is between $3.701 and $3.750 (H$20 at 12%)
15 weeks ago
jsevigny predicted Gasoline Price is between $3.851 and $3.900 (H$20 at 9%)
15 weeks ago
daleo predicted Gasoline Price is between $3.701 and $3.750 (H$100 at 11%)
15 weeks ago
dragon01 predicted Gasoline Price is between $3.701 and $3.750 (H$20 at 10%)
15 weeks ago
dragon01 predicted Gasoline Price is between $3.751 and $3.800 (H$20 at 30%)
more

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