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What will be the weekly retail gas price released by the EIA on September 2, 2008?

Settled as Gasoline Price is between $3.701 and $3.750

Settled as 'between $3.701 and $3.750" as reported price was $3.733

Background:

Since Monday is Labor Day, the regular report by EIA for Monday should be made available on Tuesday. What will that report show? Prices have been going down, but now with Gustav threatening...will there be a price bump before the end of the week?

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
8/18/08 $3.794
8/25/08 $3.738
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, all though reports probably won't be released until sometime Tuesday.


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 $3.600 per gallon
2%
Gasoline Price is between $3.601 and $3.650
10%
Gasoline Price is between $3.651 and $3.700
22%
Gasoline Price is between $3.701 and $3.750
37%
Gasoline Price is between $3.751 and $3.800
22%
Gasoline Price is between $3.801 and $3.850
6%
Gasoline Price is at or over $3.851
1%
Activity: H$7,821
Settled as Gasoline Price is between $3.701 and $3.750 on Tue 2nd Sep 2:26pm PDT

Suspend date: Mon 1st Sep 5:45am PDT Settlement date: Tue 2nd Sep 2:26pm PDTPrediction cut-off: Predictions on this question after Mon 1st Sep 5:45am PDT have been voided because they were made after the question could be settled

Initial likelihoods: Gasoline Price is at or below $3.600 per gallon: 3%, Gasoline Price is between $3.601 and $3.650: 12%, Gasoline Price is between $3.651 and $3.700: 24%, Gasoline Price is between $3.701 and $3.750: 31%, Gasoline Price is between $3.751 and $3.800: 20%, Gasoline Price is between $3.801 and $3.850: 8%, Gasoline Price is at or over $3.851: 2%

Action history:

Created Thu 28th Aug 8:41am PDT by bayoubear[Admin]
Suspended Mon 1st Sep 5:45am PDT : Suspend date reached
Settled as 'Gasoline Price is between $3.701 and $3.750' Tue 2nd Sep 2:26pm PDT by bayoubear[Admin]: Settled as 'between $3.701 and $3.750" as reported price was $3.733

Suspend date: Mon 1st Sep 5:45am PDT Settlement date: Tue 2nd Sep 2:26pm PDTPrediction cut-off: Predictions on this question after Mon 1st Sep 5:45am PDT have been voided because they were made after the question could be settled
more info...

 

Predictions (20)

20 predictions

11 weeks ago
sands predicted Gasoline Price is between $3.701 and $3.750 (H$100 at 36%)
11 weeks ago
bayoubear[Admin] predicted Gasoline Price is between $3.751 and $3.800 (H$204 at 20%)
12 weeks ago
swilson[Power User] predicted Gasoline Price is between $3.651 and $3.700 (H$500 at 33%)
12 weeks ago
quincyguy predicted Gasoline Price is between $3.601 and $3.650 (H$50 at 9%)
12 weeks ago
quincyguy predicted Gasoline Price is between $3.601 and $3.650 (H$50 at 8%)
more

Comments (1)

It in the hands of Gustav and Hanna according to the refinery folks and the oil companies.
posted 12 weeks ago

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