
How much will a gallon of regular gasoline cost in the U.S. on October 27?
Regular gasoline prices as reported by the EIA today were $2.656
Background:>
Hurricane Ike shut 15 refineries in the Gulf Coast's refinery row and shut several pipelines as well. The outages have driven U.S. gasoline inventories to their lowest levels since 1967, and refinery utilization rates have sunk to their lowest rates on record.
The disruptions have upended the traditional pecking order of gas prices: Less supply from Gulf Coast refineries has taken away the region's traditional advantage in gasoline pricing. Motorists in California, meanwhile, have enjoyed a respite from paying the highest gasoline prices in the continental United States.
By Wednesday, 18 states still had higher gasoline prices than California -- which normally has the highest pump prices because of tougher environmental fuel standards and a lack of access to supplies produced east of the Rockies.
With a slowing economy and seemingly routine disruptions in supply, it's hard to know which way gas prices are heading. What do you think the average U.S. resident will be paying at the pump a month from now?
Settlement based on the price for regular gasoline as released by the Energy Information Agency on Monday, October 27th.
Settlement details:As reported by a major mainstream news source based upon data from the EIA.
| less than $3 per gallon |
| |||
| $3 to $5 per gallon |
| |||
| more than $5 per gallon |
|
- Activity: H$101,602 |
- Predictions: 100 |
Comments: 6
Suspend date: Mon 27th Oct 2008 4am PST
Settlement date: Mon 27th Oct 2008 3:22pm PST
Prediction cut-off: Predictions on this question after Mon 27th Oct 2008 4am PST have been voided because they were made after the question could be settled
Initial likelihoods: less than $3 per gallon: 33%, $3 to $5 per gallon: 34%, more than $5 per gallon: 33%
Action history:
There are numerous gasoline price tracking services that are reported in mainstream media, and accordingly, the opportunity exists for there to be different winning predictions.
Suspend date: Mon 27th Oct 2008 4am PST
Settlement date: Mon 27th Oct 2008 3:22pm PST
Prediction cut-off: Predictions on this question after Mon 27th Oct 2008 4am PST have been voided because they were made after the question could be settled details
Predictions (100)
Comments (6)
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