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What will the EIA release as the price of regular gasoline in Texas on September 15,2008
Settled as '$3.60 or greater' as price for regular gas in Houston was $3.692, up from $3.432 last week
Background:
OK, we all know prices have been going down, but when you're expecting a major storm to affect your areas, prices shoot back up, sometimes dramatically. Here in Mississippi when Gustav was coming close recently, we saw prices go up 20-30¢ in one day. Looked like price gouging to many of us.
Now Ike is coming directly into the Texas coast, near the major city of Houston. How will that area of Texas react in the pricing of gasoline? How much will affect the data regarding this week's prices as released by the Energy Information Administration on Monday, September 15?
Previous results for 'regular' gasoline
8/25 $3.494
9/01 $3.516 (may have gone up for Gustav)
9/08 $3.519
http://tonto.eia.doe.gov/dnav/pet/pet_pri_gnd_dcus_stx_w.htm
Settlement details:
As reported by a major mainstream news source or on the EIA website.
http://tonto.eia.doe.gov/dnav/pet/pet_pri_gnd_dcus_stx_w.htm
Settled
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Regular gas is $3.449 or lower |
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Regular gas is $3.450 to $3.499 |
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Regular gas is $3.500 to $3.549 |
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Regular gas is $3.550 to $3.599 |
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Regular gas is $3.600 or greater |
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Suspend date: Mon 15th Sep 5:45am PDT Settlement date: Tue 16th Sep 8:10am PDTPrediction cut-off: Predictions on this question after Mon 15th Sep 5:45am PDT have been voided because they were made after the question could be settled
Initial likelihoods: Regular gas is $3.449 or lower: 5%, Regular gas is $3.450 to $3.499 : 20%, Regular gas is $3.500 to $3.549: 35%, Regular gas is $3.550 to $3.599: 25%, Regular gas is $3.600 or greater: 15%
Action history:
bayoubear 
paul444: http://tonto.eia.doe.gov/dnav/pet/pet_pri_gnd_dcus_stx_w.htm 
sharon91977: http://tonto.eia.doe.gov/dnav/pet/pet_pri_gnd_a_epm0_pte_cpgal_w.htm
375.7 as of 09/15/08
bayoubear: Settled as '$3.60 or greater' as price for regular gas in Houston was $3.692, up from $3.432 last week
Suspend date: Mon 15th Sep 5:45am PDT Settlement date: Tue 16th Sep 8:10am PDTPrediction cut-off: Predictions on this question after Mon 15th Sep 5:45am PDT have been voided because they were made after the question could be settled
more info...
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68 predictions
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Oil drops under $100 and we still see the price of gas going up!
Just wanted to say that in your background information you show the price of regular gasoline on 9/8/2008 to be $3.496. That was the price of "All Grades-Reformulated Areas".
The price of "Regular" was already at $351.9 for the state of Texas. Just wanted to mention it.
You be safe and keep the DJIA's coming!
Just put some of that go-juice in my car...what was $3.35 before Gustav 2 weeks ago is now $3.75...went up about 20¢ since Thursday...
I know the gas companies have to make a profit (we all know how low their profits have been so far this year) but isn't this ridiculous...prices jumping immediately on speculation and when the worst fears turn out not to be true, they never come down as fast, if at all...
And it's not just how it affects us at the pump for our own vehicles...all the goods we purchase, and the services provided by schools and cities are affected by the price of gasoline, a price so often not associated with the normal issues of supply and demand, but as a result of speculation...
D*mn the speculators!!
http://www.fuelgaugereport.com/TXmetro.asp
http://www.sandiegogasprices.com/retail_price_chart.aspx
Plus...this question is for their reporting for the state of Texas...there is another set of data they will release regarding the city of Houston
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