
What will be the AAA average price for regular unleaded gasoline in the US on Monday, July 6th?
Price reported early Monday morning was $2.611, down .007 from Sunday's data
Background:>
(CNN) -- Despite travelers taking to the road for vacations and the Independence Day weekend coming up, gasoline prices in the United States are unchanged from two weeks ago, according to a survey published Sunday.
The average price of a gallon of self-serve regular is $2.66, according to the Lundberg Survey -- the same average price the survey found earlier in June.
By contrast, a year ago the survey found drivers paying $4.10 for regular gas on June 20, 2008 -- $1.44 more than the current average.
Last summer's average prices peaked in July at $4.11 for a gallon of regular gasoline.
The lack of movement in current prices is due to two factors, according to survey publisher Trilby Lundberg.
"Prices are stuck because the weak dollar won't let crude oil prices fall much, and weak oil demand won't let it climb much," she said.
One factor affecting demand is unemployment in the United States, she said.
"With so many unemployed motorists, commuter driving is down considerably, let alone recreational driving," Lundberg said, adding that worldwide crude oil prices are holding in a narrow range of $68-$71 per barrel.
The June 26 survey, which tallied prices at thousands of gas stations nationwide, found the current lowest average in Wichita, Kansas, at $2.40 per gallon. The highest average was in San Francisco, California, at $3.02.
Settlement details:The price of regular unleaded gasoline reported by http://www.fuelgaugereport.com around 3 am, Monday morning. This market will suspend at 11:59 pm the day before (Sunday night). All times EDT (GMT -4h).
| $2.680 and above |
| |||
| 2.660 - 2.679 |
| |||
| 2.640 - 2.659 |
| |||
| 2.620 - 2.639 |
| |||
| 2.600 - 2.619 |
| |||
| 2.580 - 2.599 |
| |||
| 2.560 - 2.579 |
| |||
| 2.540 - 2.559 |
| |||
| 2.520 - 2.539 |
| |||
| 2.519 and below |
|
- Activity: H$46,667 |
- Predictions: 155 |
Comments: 0
Suspend date: Sun 5th Jul 7:59pm PST
Settlement date: Mon 6th Jul 3:18am PST
Prediction cut-off: Predictions on this question after Sun 5th Jul 7:59pm PST have been voided because they were made after the question could be settled
Initial likelihoods: $2.680 and above: 5%, 2.660 - 2.679: 5%, 2.640 - 2.659: 10%, 2.620 - 2.639: 10%, 2.600 - 2.619: 20%, 2.580 - 2.599: 20%, 2.560 - 2.579: 10%, 2.540 - 2.559: 10%, 2.520 - 2.539: 5%, 2.519 and below: 5%
Action history:
Suspend date: Sun 5th Jul 7:59pm PST
Settlement date: Mon 6th Jul 3:18am PST
Prediction cut-off: Predictions on this question after Sun 5th Jul 7:59pm PST have been voided because they were made after the question could be settled details
Predictions (155)
Comments (0)
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