Created Mon 29th Sep 9:31am PDT by 
reuters
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Question created by
How much will a gallon of regular gasoline cost in the U.S. on October 27?
Settled as less than $3 per gallon
Regular gasoline prices as reported by the EIA today were $2.656
Background:
Gasoline shortages in North Carolina, Georgia, Tennessee, and parts of Florida in the wake of Hurricane Ike have driven some consumers to desperate measures as they hunt for places to fill up. People were cutting in long lines, fighting at gas stations, and hoarding gas in multiple containers, according to local news reports.
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.
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.
Settled
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less than $3 per gallon |
|
||
|
|
$3 to $5 per gallon |
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more than $5 per gallon |
|
Activity: H$101,602
Settled as less than $3 per gallon on Mon 27th Oct 4:22pm PDT
Suspend date: Mon 27th Oct 5am PDT Settlement date: Mon 27th Oct 4:22pm PDTPrediction cut-off: Predictions on this question after Mon 27th Oct 5am PDT 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:
Created Mon 29th Sep 9:31am PDT by reuters
reuters
Suspended Mon 29th Sep 9:40am PDT by 
newswrangler![[Power User]](http://www.hubdub.com/images/icon_superuser.gif "This user is a super user")
: Flagged by super user: This question doesn't specify the GRADE of gasoline that is being measured, nor does it specify an unambiguous settlement source.
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.
newswrangler: Flagged by super user: This question doesn't specify the GRADE of gasoline that is being measured, nor does it specify an unambiguous settlement source.
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.
Changed Question text Mon 29th Sep 5:26pm PDT by 
bayoubear![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin")
: show details
bayoubear: show details ... will
a
gallon
of
regular
gasoline
cost
in
the
U.S.
on
October
... 29?27?
Changed Description Mon 29th Sep 5:26pm PDT by bayoubear: show details
bayoubear: show details ... and
hoarding
gas
in
multiple
containers,
according
to
local
news
... reports.
<br/>reports.<br/>
<br/>
Hurricane
Ike
shut
15
refineries
in
the
Gulf
Coast's
... refinery
utilization
rates
have
sunk
to
their
lowest
rates
on
... record.
<br/>record.<br/>
<br/>
The
disruptions
have
upended
the
traditional
pecking
order
of
... from
paying
the
highest
gasoline
prices
in
the
continental
United
... States.
<br/>States.<br/>
<br/>
By
Wednesday,
18
states
still
had
higher
gasoline
prices
... a
lack
of
access
to
supplies
produced
east
of
the
... Rockies.
<br/>Rockies.<br/>
<br/>
With
a
slowing
economy
and
seemingly
routine
disruptions
in
... resident
will
be
paying
at
the
pump
a
month
from
... now?now?<br/>
<br/>
Settlement
based
on
the
price
for
regular
gasoline
as
released
by
the
Energy
Information
Agency
on
Monday,
October
27th.
Changed Settlement info Mon 29th Sep 5:26pm PDT by bayoubear: show details
bayoubear: show details ... major
mainstream
news
... source.source
based
upon
data
from
the
EIA.
Changed Suspend date Mon 29th Sep 5:26pm PDT by bayoubear: was: "2008-10-29 23:59:00"
bayoubear: was: "2008-10-29 23:59:00"
Unsuspended Mon 29th Sep 5:32pm PDT by bayoubear: gas type id'ed...date problem and reference taken care of
bayoubear: gas type id'ed...date problem and reference taken care of
Changed Description Mon 29th Sep 5:33pm PDT by bayoubear: show details
bayoubear: show details ... be
paying
at
the
pump
a
month
from
now?<br/>
<br/>
... Settlement<b>Settlement
based
on
the
price
for
regular
gasoline
as
released
by
the
Energy
Information
Agency
on
Monday,
October
... 27th.27th.</b>
Suspended Mon 27th Oct 5am PDT : Suspend date reached
Settlement requested Mon 27th Oct 1:11pm PDT by 
buckeyeguy: Reported U.S. price at designated source site - $2.656
buckeyeguy: Reported U.S. price at designated source site - $2.656
Settled as 'less than $3 per gallon' Mon 27th Oct 4:22pm PDT by bayoubear: Regular gasoline prices as reported by the EIA today were $2.656
bayoubear: Regular gasoline prices as reported by the EIA today were $2.656
Suspend date: Mon 27th Oct 5am PDT Settlement date: Mon 27th Oct 4:22pm PDTPrediction cut-off: Predictions on this question after Mon 27th Oct 5am PDT have been voided because they were made after the question could be settled
more info...
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