Created Fri 3rd Jul 4:06pm PST by

tuff_sledding [Power User]

Regular gasoline or diesel fuel: which will cost more on Monday, July 6, 2009?

Settled as regular gas costs 0.1 to 1 cent less than diesel

Difference was 0.8 cents less than diesel

Background:

Background: For a long time, diesel was more expensive than gasoline, then a few weeks ago, the price of regular gas shot up and left diesel in the dust. Now a curious thing has happened: for the past two days, both cost exactly the same, according to AAA's fuelgaugereport: $2.629 yesterday and $2.627 today http://www.fuelgaugereport.com/
So, which one will cost more on Monday, July 6, 2009 and by how much? I don't have a clue - do you?

Settlement details:As reported by http://www.fuelgaugereport.com/ on Monday, July 6, 2009

Forecast history %

regular gas costs >1 cent more than diesel

regular gas costs 0.1 to 1 cent more than diesel

regular gas and diesel are equal

regular gas costs 0.1 to 1 cent less than diesel

85%

regular gas costs >1 cent less than diesel

10%

Settled as regular gas costs 0.1 to 1 cent less than diesel on Tue 7th Jul 5:17am PST

Activity: H$14,967
Predictions: 52
Comments: 2

Suspend date: Sun 5th Jul 7:59pm PST
Settlement date: Tue 7th Jul 5:17am 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: regular gas costs >1 cent more than diesel: 17%, regular gas costs 0.1 to 1 cent more than diesel: 22%, regular gas and diesel are equal: 22%, regular gas costs 0.1 to 1 cent less than diesel: 22%, regular gas costs >1 cent less than diesel: 17%

Action history:

Created Fri 3rd Jul 4:06pm PST by

tuff_sledding [Power User]

Suspended Sun 5th Jul 7:59pm PST : Suspend date reached

Settlement requested Mon 6th Jul 5:49am PST by

tuff_sledding [Power User]

: the winner is: regular gas costs 0.1 to 1 cent less than diesel.
Fuelgaugereport lists Diesel cost @ $2.619 and Regular gas @ $2.611, a difference of 0.8 cents.
thanks

Settlement requested Mon 6th Jul 1:54pm PST by

mickeydaniel Level 16, Oracle (H$846,277)

: Please settle as: regular gas costs 0.1 to 1 cent less than diesel.
Diesel price is $2.619 and regular gas is $2.611. http://www.fuelgaugereport.com/

Settled as 'regular gas costs 0.1 to 1 cent less than diesel' Tue 7th Jul 5:17am PST by

bayoubear [Admin]

: Difference was 0.8 cents less than diesel

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Predictions (52)

17 weeks ago

charlesf Level 15, Seer (H$270,212)

predicted regular gas costs 0.1 to 1 cent less than diesel (H$100 at 42%)

17 weeks ago

charlesf Level 15, Seer (H$270,212)

predicted regular gas costs >1 cent less than diesel (H$100 at 42%)

17 weeks ago

gtown

predicted regular gas costs 0.1 to 1 cent less than diesel (H$100 at 42%)

17 weeks ago

youbet Level 14, Prophet (H$149,329)

predicted regular gas costs 0.1 to 1 cent less than diesel (H$100 at 38%)

17 weeks ago

gonegonegone Level 15, Seer (H$277,947)

predicted regular gas costs >1 cent less than diesel (H$100 at 30%)

Comments (2)

bayoubear [Admin]

OK...here's a problem with rounding again....today's report shows regular being $0.008 less than diesel, but the options call for it being either the same, or 0.1 to 1 cent more or less, or greater.

Yet the background refers to the previous prices of $2.629 and $2.627 as being the same, when in fact they are 0.2 cents different (or $0.002)...

I feel like it should be settled as 0.1 to 1 cent less than diesel...but just wanted to see if there was any discussion before settlement....

posted 17 weeks ago

fingers_of_fury Level 18, Megadubber (H$2,399,054)

I think you are correct bayoubear. Converting the cents to dollars or dollars to cents helps.

I read "regular gas costs 0.1 to 1 cent less than diesel" as "regular gas costs 0.1cent to 1 cent less than diesel" or IOW: $0.001 - $0.01, and $0.008 is between those.

Or converting $0.008 to cents we have 0.8 cents which falls between 0.1 to 1 cents.

posted 17 weeks ago