How many miles will Americans drive daily during November 2008?
Current forecast: > 5,000,000,000 to 5,200,000,000 miles (35% chance
1%)
Combining all predictions, the current most likely outcome is > 5,000,000,000 to 5,200,000,000 miles with a probability of 35% (up 1% in last 1 day)
We know that with gasoline prices higher over most of 2008, Americans have cut back their driving substantially. The Federal Highway Administration (under U.S. Dept. of Transportation) publishes month by month estimates of average daily vehicle-miles driven. See for example:
http://www.fhwa.dot.gov/ohim/tvtw/08septvt/08septvt.pdf
Notice particularly Figure 2, "Travel on U.S. Highways by Month - Urban Highways". Miles are well below last year's value. But notice past trends, where there seems to be an uptick for October, then a dip again for November, at least back in 2007. What will happen this year? It seems fairly certain that when the November estimate is reported it will be lower than 2007, but with fuel prices recently dropping, will people buck last year's trend and put on more miles than might be expected?
Settlement details:
As reported by the U.S. Federal Highway Administration, at:
http://www.fhwa.dot.gov/ohim/tvtw/tvtpage.cfm
Reporting by FHWA seems to lag a couple months behind, therefore settlement date will be set in January 2009. The value to be used for settlement will be vehicle-miles traveled as shown in the figure for 'Travel on U.S. Highways by Month -Urban Highways" PDF report which will be available at the above link noted.
How many miles will Americans drive daily during November 2008?
Less than 5,000,000,000 miles
> 5,000,000,000 to 5,200,000,000 miles
> 5,200,000,000 to 5,300,000,000 miles
> 5,300,000,000 miles
Zoom out
Forecast history, %
Make your prediction!
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Less than 5,000,000,000 miles |
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> 5,000,000,000 to 5,200,000,000 miles |
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> 5,200,000,000 to 5,300,000,000 miles |
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> 5,300,000,000 miles |
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Activity: H$3,655
Question suspends in 3 weeks
Suspend date: Sat 31st Jan 11:59pm PST (3 weeks to go)
Initial likelihoods:
Less than 5,000,000,000 miles: 5%, > 5,000,000,000 to 5,200,000,000 miles: 25%, > 5,200,000,000 to 5,300,000,000 miles: 30%, > 5,300,000,000 miles: 40%
Action history:
Suspend date: Sat 31st Jan 11:59pm PST (3 weeks to go)
more info...
Predictions (22)
22 predictions
2 hours ago
vidal1
predicted
> 5,000,000,000 to 5,200,000,000 miles (H$100 at 34%)
2 weeks ago
emmag
predicted
Less than 5,000,000,000 miles (H$50 at 3%)
2 weeks ago
rbrog77
predicted
> 5,200,000,000 to 5,300,000,000 miles (H$100 at 32%)
3 weeks ago
sockrchick28
predicted
> 5,200,000,000 to 5,300,000,000 miles (H$129 at 32%)
3 weeks ago
bigken1
predicted
> 5,000,000,000 to 5,200,000,000 miles (H$500 at 30%)
more2 hours ago
vidal1
predicted
> 5,000,000,000 to 5,200,000,000 miles (H$100 at 34%)
2 weeks ago
emmag
predicted
Less than 5,000,000,000 miles (H$50 at 3%)
2 weeks ago
rbrog77
predicted
> 5,200,000,000 to 5,300,000,000 miles (H$100 at 32%)
3 weeks ago
sockrchick28
predicted
> 5,200,000,000 to 5,300,000,000 miles (H$129 at 32%)
3 weeks ago
bigken1
predicted
> 5,000,000,000 to 5,200,000,000 miles (H$500 at 30%)
3 weeks ago
valornhonor![This user is a super user [Power User]](http://www.hubdub.com/images/icon_superuser.gif)

predicted
> 5,200,000,000 to 5,300,000,000 miles (H$50 at 34%)
3 weeks ago
kruijs![This user is a super user [Power User]](http://www.hubdub.com/images/icon_superuser.gif)

predicted
> 5,200,000,000 to 5,300,000,000 miles (H$500 at 30%)
3 weeks ago
gtown
predicted
> 5,200,000,000 to 5,300,000,000 miles (H$200 at 25%)
3 weeks ago
gtown
predicted
> 5,000,000,000 to 5,200,000,000 miles (H$200 at 30%)
6 weeks ago
hilly
predicted
> 5,300,000,000 miles (H$100 at 44%)
6 weeks ago
fijis
predicted
> 5,000,000,000 to 5,200,000,000 miles (H$500 at 24%)
6 weeks ago
bout3fitty
predicted
> 5,300,000,000 miles (H$500 at 45%)
6 weeks ago
lcsnor
predicted
> 5,200,000,000 to 5,300,000,000 miles (H$25 at 30%)
6 weeks ago
lcsnor
predicted
> 5,200,000,000 to 5,300,000,000 miles (H$75 at 29%)
6 weeks ago
syrus
predicted
> 5,200,000,000 to 5,300,000,000 miles (H$50 at 28%)
6 weeks ago
growthy
predicted
> 5,300,000,000 miles (H$100 at 42%)
Showing recent public predictions only
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