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What will be the national average price of regular unleaded gasoline on Sunday, December 14th?

Settled as 1.749 and below

Gas prices were well below $1.749 as released early Sunday morning.....

Background:

The AAA Fuel Gauge Web Site is derived from credit card transactions at more than 85,000 stations around the country. Prices shown are combined averages of the last card swipe of the previous day. The following schedule is used for price updates:

Prices shown on Sunday are based on the last credit card swipe at each station on Saturday

The AAA Fuel Gauge Web Site is the most current and most accurate source of gasoline prices available.


Settlement details: Reported by fuelgaugereport.com as current regular national unleaded average at 11:59 pm Saturday night.

 
Forecast history, %
   Zoom in

Settled

$1.850 and above
0%
1.825 - 1.849
0%
1.800 - 1.824
0%
1.775 - 1.799
0%
1.750 - 1.774
1%
1.749 and below
99%
Activity: H$49,932
Settled as 1.749 and below on Mon 15th Dec 2008 7:43am PST

Suspend date: Sat 13th Dec 2008 8:59pm PST Settlement date: Mon 15th Dec 2008 7:43am PSTPrediction cut-off: Predictions on this question after Sat 13th Dec 2008 8:59pm PST have been voided because they were made after the question could be settled

Initial likelihoods: $1.850 and above: 5%, 1.825 - 1.849: 15%, 1.800 - 1.824: 30%, 1.775 - 1.799: 30%, 1.750 - 1.774: 15%, 1.749 and below: 5%

Action history:

Created Wed 3rd Dec 2008 1:31pm PST by adammccormicks
Suspended Sat 13th Dec 2008 8:59pm PST : Suspend date reached
Settlement requested Mon 15th Dec 2008 6:55am PST by buckeyetom: Regular gas was $1.660.
Winning bracket is $1.749 and below.
Source:
http://www.fuelgaugereport.com/
Settled as '1.749 and below' Mon 15th Dec 2008 7:43am PST by bayoubear[Admin]: Gas prices were well below $1.749 as released early Sunday morning.....

Suspend date: Sat 13th Dec 2008 8:59pm PST Settlement date: Mon 15th Dec 2008 7:43am PSTPrediction cut-off: Predictions on this question after Sat 13th Dec 2008 8:59pm PST have been voided because they were made after the question could be settled
more info...

 

Predictions (88)

88 predictions

3 weeks ago
phazra predicted 1.750 - 1.774 (H$20 at 0%)
3 weeks ago
fourgrays predicted 1.749 and below (H$20 at 99%)
3 weeks ago
cheesenips predicted 1.749 and below (H$5,000 at 98%)
3 weeks ago
cheesenips predicted 1.749 and below (H$5,000 at 95%)
3 weeks ago
gtown predicted 1.749 and below (H$1,000 at 91%)
more

Comments (4)

Adam-
You might want to wait a little longer when you post a question like this. That would give you a better feel for how the spread among the brackets should be laid out. In this this case, 1.749 and below will be achieved well before the 14th and well before your suspend date. I know this is the same range you used on your question regarding gas prices on the 7th, but I'm sure you now realize that 1.749 could be reached a week before your target date.

This is just a suggestion. Keep plugging away. I really enjoy following following the indexable questions. Thanks again and Merry X-Mas.
posted 4 weeks ago
  2 bayoubear[Admin]
You're right...it's usually not best to set these questions too far in advance, except that they do become basically a 'live play' question over a period of many days...the problem is making sure that the available range can cover what may be a wide variance in price, that may not be foreseen....usually I would make the EIA gasoline question up after the previous week's data had been released, so at least I had an idea of what would most likely be the possible range of numbers...

I'm just glad to have someone setting up these questions...thanks!!!
posted 4 weeks ago
No problem, from now on I'll post the market one at a time and adjust the range accordingly. Thanks for all your help with this, I really do appriciate it!
posted 4 weeks ago
Adam-
Do you see the way Bayoubear does his Dow questions? He waits to see where the close point is on the previous day and then makes that his mid-range on the next days question. Keep going dude and look for indexes in other fields. You are going to write some awesome questions! Thanks....Tom
posted 4 weeks ago

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