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Will the US Government impose price controls on the cost of gasoline in 2008?

Current forecast: 8% chance 1%
Combining all predictions, the current forecast is that this is 8% likely to happen (up 1% in last 1 day)

The price of a barrel of light sweet crude oil in May topped $135 (a price that's doubled since last May and quadrupled since May 2002). Will the US Government impose price controls on the retail cost of gasoline in 2008?


Settlement details: As reported by a major mainstream news source.

 
Forecast history, %
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Yes
8%
No
92%
Activity: H$127,827
Question suspends in 4 weeks

Suspend date: Wed 31st Dec 11:59pm PST (4 weeks to go)

Initial likelihoods: Yes: 50%

Action history:

Created Sun 1st Jun 5:25pm PDT by lola

Suspend date: Wed 31st Dec 11:59pm PST (4 weeks to go)
more info...

 

Predictions (143)

143 predictions

10 hours ago
drzinternet predicted No (H$10 at 92%)
1 day ago
notablenotices[Power User] predicted No (H$5 at 93%)
1 week ago
drzinternet predicted No (H$5,000 at 94%)
1 week ago
drzinternet predicted No (H$1,000 at 93%)
1 week ago
drzinternet predicted No (H$1,000 at 92%)
more

Comments (4)

Man, I hope not! My parents told me horror stories about the shortages and long lines at the pumps in the '70s.
posted 26 weeks ago
Ain't gonna happen this year. Price controls, in this country, remain anathema. On the other hand ... next year, if Democrats rule the country, any crazy thing might get through as they will be pressured by those who voted them in to "do something" about every issue or problem of national concern.
posted 25 weeks ago
ewwww.

price control = carter

carter = gross

law of substitution says,
price control = gross
posted 11 weeks ago
price control in the US is very unlikely no matter who the president is.
posted 7 weeks ago

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