Created Sun 5th Apr 5:37pm PST by

adammccormicks Level 11, Legend (H$19,285)

Gas up or down? Which comes first for regular gas - $2.00 or $2.20

Settled as Gas does neither before May 3rd

Gas prices have remained pretty stable lately, although we are still closer to the $2 range than $2.20

Background:

Background: Prices at the pump have been creeping back up after bottoming out at $1.62 at the beginning of the year. That low was down from record-high prices that reached more than $4 per gallon during last summer.

The price of oil is going up this week. Will the price of gas get dragged up along with it? Or will demand keep the oil companies at their knees?

Settlement details:Price for regular unleaded gas as reported by www.fuelgaugereport.com on May 3rd around 3 AM.

Forecast history %

Gas falls to $2.00 first

Gas rises to $2.20 first

Gas does neither before May 3rd

98%

Settled as Gas does neither before May 3rd on Mon 4th May 9:51am PST

Activity: H$140,904
Predictions: 309
Comments: 8

Suspend date: Fri 1st May 7:59pm PST
Settlement date: Mon 4th May 9:51am PST
Prediction cut-off: Predictions on this question after Fri 1st May 7:59pm PST have been voided because they were made after the question could be settled

Initial likelihoods: Gas falls to $2.00 first: 25%, Gas rises to $2.20 first: 40%, Gas does neither before May 3rd: 35%

Action history:

Created Sun 5th Apr 5:37pm PST by

adammccormicks Level 11, Legend (H$19,285)

Suspended Fri 1st May 7:59pm PST : Suspend date reached

Settlement requested Mon 4th May 7:42am PST by

Erik

: Please settle as "Gas does neither before May 3rd."

Settlement requested Mon 4th May 7:44am PST by

Erik

: Sorry:
http://www.fuelgaugereport.com/
Please see graph - bottom right of page.

Settled as 'Gas does neither before May 3rd' Mon 4th May 9:51am PST by

bayoubear [Admin]

: Gas prices have remained pretty stable lately, although we are still closer to the $2 range than $2.20

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Predictions (309)

29 weeks ago

bgrigore Level 18, Megadubber (H$2,745,601)

predicted Gas falls to $2.00 first (H$300 at 6%)

29 weeks ago

valli942 Level 9, Expert (H$9,926)

predicted Gas falls to $2.00 first (H$30 at 3%)

29 weeks ago

valli942 Level 9, Expert (H$9,926)

predicted Gas rises to $2.20 first (H$100 at 0%)

30 weeks ago

brianholmes Level 13, Psychic (H$51,856)

predicted Gas falls to $2.00 first (H$300 at 10%)

30 weeks ago

bruns_david Level 14, Prophet (H$100,284)

predicted Gas does neither before May 3rd (H$2,000 at 95%)

Comments (8)

kennyk Level 17, Superdubber (H$1,019,556)

Should this read May 5th instead of April 5th (today!)????

posted 32 weeks ago

adammccormicks Level 11, Legend (H$19,285)

oh yea, i'll have bayoubear change it. Sorry 'bout that!

posted 32 weeks ago

adammccormicks Level 11, Legend (H$19,285)

Ok, I flagged it and asked him to change it. The last option should read "Gas does neither before May 3rd".

posted 32 weeks ago

bgrigore Level 18, Megadubber (H$2,745,601)

A lot of people seem to not read that the last option is not "before April 5th", but "before May 3rd". This market is very confusing and some people may cash in on the blindness of others. Those blinded don't cash in your losses because your money should be refunded.

posted 32 weeks ago

adammccormicks Level 11, Legend (H$19,285)

I sent him a shout asking him to fix it. Sorry about the mistake guys, I would hope that everyone would be able to figure out that since it's past the 5th that the neither options was a typo. I wouldn't say that is very confusing, even my six year old nephew figured it out.

posted 32 weeks ago

bgrigore Level 18, Megadubber (H$2,745,601)

Thanks for fixing it.

posted 32 weeks ago

coolkraft Level 14, Prophet (H$129,908)

http://www.realclearmarkets.com/news/ap/finance_business/2009/Apr/12/gas_prices_climb_10_cents_over_past_3_weeks.html

posted 31 weeks ago

coolkraft Level 14, Prophet (H$129,908)

http://www.usatoday.com/money/industries/energy/2009-04-14-gasoline-prices_N.htm

posted 31 weeks ago

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