Created Wed 22nd Oct 2008 12pm PST by

daboodahmonk Level 5, Predictor (H$1,633)

Will gas prices drop below $2.50 before the end of the year?

Settled as Yes

Regular gas prices dropped to $2.463 on November 1, 2008. Previous day's price had been $2.504.

http://www.fuelgaugereport.com/index.asp

Suspended at the info release time of 3:05 AM 11/1/08

Background:

Background: According to http://fuelgaugereport.com , today the nationwide average price/gallon of regular unleaded is $2.858. Do you think the price of gas will continue to fall? I think the days of gas at under $2.00/gallon are over, but do you think it will at least fall below $2.50?

Settlement details:<a href="http://www.fuelgaugereport.com/index.asp">http://www.fuelgaugereport.com/index.asp<;/a> (click on National Average on left). If avg regular fuel price/gallen falls below $2.500 at any point during the remainder of 2008

Forecast history %

Yes

91%

Settled as Yes on Sat 1st Nov 2008 6:05am PST

Activity: H$58,096
Predictions: 85
Comments: 4

Suspend date: Sun 2nd Nov 2008 11:59pm PST
Settlement date: Sat 1st Nov 2008 6:05am PST
Prediction cut-off: Predictions on this question after Fri 31st Oct 2008 11:05pm PST have been voided because they were made after the question could be settled

Initial likelihoods: Yes: 50%

Action history:

Created Wed 22nd Oct 2008 12pm PST by

daboodahmonk Level 5, Predictor (H$1,633)

Changed Settlement info Sat 25th Oct 2008 2:58am PST by

bayoubear [Admin]

: show details

... <<a href="<a href="http://www.fuelgaugereport. ... www.fuelgaugereport.com/index.asp</a>"><a href="http://www.fuelgaugereport.com/index.asp&lt">http://www.fuelgaugereport.com/index.asp&lt</a>;/a> (click on National Average

Changed Suspend date Sat 25th Oct 2008 2:58am PST by

bayoubear [Admin]

: was: "2008-10-27 23:59:00"

Settlement requested Sat 1st Nov 2008 1:26am PST by

thepeoplegeekllc Level 13, Psychic (H$68,893)

: National Average $2.46
on November 1st 2008.

http://www.fuelgaugereport.com/index.asp

Settlement requested Sat 1st Nov 2008 4:34am PST by

thepeoplegeekllc Level 13, Psychic (H$68,893)

: http://www.fuelgaugereport.com/index.asp November 1st $2.463 This is a YES!

Settled as 'Yes' Sat 1st Nov 2008 6:05am PST by

bayoubear [Admin]

: Regular gas prices dropped to $2.463 on November 1, 2008. Previous day's price had been $2.504.

http://www.fuelgaugereport.com/index.asp

Suspended at the info release time of 3:05 AM 11/1/08

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Predictions (85)

1 year ago

sweet_baby_rye Level 11, Legend (H$16,733)

predicted Yes (H$1,000 at 90%)

1 year ago

thepeoplegeekllc Level 13, Psychic (H$68,893)

predicted Yes (H$500 at 90%)

1 year ago

slaneyblack Level 7, Pro (H$3,028)

predicted No (H$20 at 11%)

1 year ago

thepeoplegeekllc Level 13, Psychic (H$68,893)

predicted Yes (H$536 at 89%)

1 year ago

thepeoplegeekllc Level 13, Psychic (H$68,893)

predicted Yes (H$1,000 at 89%)

Comments (4)

randburg Level 19, Uberdubber (H$4,994,105)

It's possible as a national average. I filled up yesterday at $2.27 in Dallas. That was the lowest I saw here yesterday (highest was $2.89). There was a price war in a small town to the south of Fort Worth on Friday: lines around the block for $1.96 a gallon...That made the 5pm news on tv...

posted 1 year ago

randburg Level 19, Uberdubber (H$4,994,105)

But I am betting against it...Opec cut production this past week by a million and a half barrels a day (which should shove price up), and the election will be over in nine days. Traditionally gas comes down for the election and back up afterwards...unfortunately...will it be the same this year?

posted 1 year ago