Gas Price Wagers at pinny

[VaultedTreehouse]

No brainer to bet yes on 2.40 avg for reg by new years. The current avg is 2.30. You don't need to see much of a move at all to get there.

 

[cincy_]

People drive less after Labor Day so the demand will decrease. The peak demand is between Mem Day and Labor Day, so watch out.

 

[VaultedTreehouse]

agreed cincy, but if oil prices keep going up it won't matter how much people travel

 

[JimmyHoffa]

Got to remember that a cold fall/winter season will drive up oil prices as well. Even though it's heating oil, gas prices move with oil demand of any kind.

 

[cincy_]

agreed cincy, but if oil prices keep going up it won't matter how much people travel

<table border="0" cellpadding="2" cellspacing="2" width="650"> <tbody><tr><td class="wht-title" bgcolor="#000066" valign="top" width="14%">Sun 8/7</td> <td colspan="4" class="wht-title" bgcolor="#000066">US gas average of $2.40 broken by 1/1/2006
</td> </tr> <tr><td colspan="5" class="wht-title" align="center" bgcolor="#999999">Maximum Wager: 200.00 USD</td></tr> <tr bgcolor="#eeeeee"> <td class="main_body_blk">12:00 PM</td> <td class="main_body_blk">101 Yes</td> <td class="main_body_blk"> +155</td> <td class="main_body_blk" width="120"><input name="radio00" value="riskType" checked="checked" type="radio">Risk <input name="radio00" value="toWinType" type="radio">To Win</td> <td width="77"><input name="C0P0" size="8" type="text"></td></tr> <tr bgcolor="#eeeeee"> <td> </td> <td class="main_body_blk">102 No</td> <td class="main_body_blk"> -170</td> <td class="main_body_blk" width="120"><input name="radio01" value="riskType" type="radio">Risk <input name="radio01" value="toWinType" checked="checked" type="radio">To Win</td> <td width="77"><input name="C0P1" size="8" type="text"></td></tr> <tr> <td class="wht-title" bgcolor="#000066" valign="top" width="14%">Sun 8/7</td> <td colspan="4" class="wht-title" bgcolor="#000066">Gas avg hits $3 in NYC or Los Angeles by 1/1/2006?
</td> </tr> <tr><td colspan="5" class="wht-title" align="center" bgcolor="#999999">Maximum Wager: 100.00 USD</td></tr> <tr bgcolor="#eeeeee"> <td class="main_body_blk">12:00 PM</td> <td class="main_body_blk">103 Yes</td> <td class="main_body_blk"> +1400</td> <td class="main_body_blk" width="120"><input name="radio10" value="riskType" checked="checked" type="radio">Risk <input name="radio10" value="toWinType" type="radio">To Win</td> <td width="77"><input name="C1P0" size="8" type="text"></td></tr> <tr bgcolor="#eeeeee"> <td> </td> <td class="main_body_blk">104 No</td> <td class="main_body_blk"> -1900</td> <td class="main_body_blk" width="120"><input name="radio11" value="riskType" type="radio">Risk <input name="radio11" value="toWinType" checked="checked" type="radio">To Win</td> <td width="77"><input name="C1P1" size="8" type="text"></td></tr> <tr> <td class="wht-title" bgcolor="#000066" valign="top" width="14%">Sun 8/7</td> <td colspan="4" class="wht-title" bgcolor="#000066">US gas avg. of $2.35 broke by Labor day (9/4/06)?</td> </tr> <tr><td colspan="5" class="wht-title" align="center" bgcolor="#999999">Maximum Wager: 200.00 USD</td></tr> <tr bgcolor="#eeeeee"> <td class="main_body_blk">12:00 PM</td> <td class="main_body_blk">105 Yes</td> <td class="main_body_blk"> -200</td> <td class="main_body_blk" width="120"><input name="radio20" value="riskType" type="radio">Risk <input name="radio20" value="toWinType" checked="checked" type="radio">To Win</td> <td width="77"><input name="C2P0" size="8" type="text"></td></tr> <tr bgcolor="#eeeeee"> <td> </td> <td class="main_body_blk">106 No</td> <td class="main_body_blk"> +180</td> <td class="main_body_blk" width="120"><input name="radio21" value="riskType" checked="checked" type="radio">Risk <input name="radio21" value="toWinType" type="radio">To Win</td></tr></tbody> </table>

Gas is $2.30 now.

So the chance of a 5 cent rise in prices by Labor Day (less than a month away) is VERY high (witnessed by the -200 price), but the chance of it rising another 5 cents in THREE months is so low you get +155 for it. Pinny is saying what I am saying - that gas prices should rise by 5 cents until Labor Day, but it won't rise another 5 cents after that.

Hey, if you guys think I am wrong and you have your own reasons and the lines are off, then go for it - take the +155 and best of luck.

 

[5teamparlay]

What id the determinant???



average, where?? does this include tax?? who determines the average?? CNN, FOX, REUTTERS, RON JEREMY??

 

[cincy_]

http://www.fuelgaugereport.com/

 

[BernieKozar]

Haha....Gotta love the fact we are having this discussion in a wagering sense. What a disturbed lot we are. FWIW, I'm putting my money on the "under"

 

[LEYKIS101]

<TABLE cellSpacing=0 cellPadding=0 width=580 border=0><TBODY><TR><TD style="PADDING-TOP: 10px" vAlign=top>Good publicity for Pinnacle; didn't realize they were the largest online betting site.


Traders not only ones gambling on gas?

<!--startclickprintexclude--></TD></TR><TR><TD vAlign=top><!--endclickprintexclude-->Largest online betting site will let gamblers wager on whether gas will reach $3 before year's end.
August 5, 2005: 4:15 PM EDT
<!--startclickprintexclude--></TD></TR><TR><TD class=storytext style="PADDING-TOP: 20px" vAlign=top><!-- CONTENT --><!--endclickprintexclude--><!--startclickprintexclude--><TABLE style="PADDING-LEFT: 10px" cellSpacing=0 cellPadding=0 width=220 align=right border=0><TBODY><TR><TD name="list"></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>

NEW YORK (Reuters) - The largest sports betting site on the Internet expanded Friday into the energy arena, offering gamblers a chance to bet on soaring U.S. retail gasoline prices.
<!--startclickprintexclude--><!--endclickprintexclude-->"Record gasoline prices are affecting everyone, so why not let people bet on it?" said PinnacleSports.com spokesman Kyle Fratini. "We've been thinking about this for months."

<!--startclickprintexclude--><!--endclickprintexclude--><SCRIPT language=JavaScript><!--var clickExpire = "09/04/2005";//--></SCRIPT>The online betting site, which normally focuses on mainstream sports like football, basketball and soccer, is giving gamblers a chance to bet on whether gasoline will reach $3.00 a gallon in New York or Los Angeles by the end of the year, with 30 to 1 odds.

<!--startclickprintexclude--><!--endclickprintexclude-->On Friday, average gasoline prices in Los Angeles were a lofty $2.616 a gallon, up more than 20 percent from last year and among the highest in the nation, according to the AAA's daily survey.

<!--startclickprintexclude--><!--endclickprintexclude-->AAA's survey will be used by PinnacleSports.com as the benchmark for its bets.

<!--startclickprintexclude--><!--endclickprintexclude-->Nationwide, gasoline prices are zipping along just over $2.30 a gallon, within 2 cents of the record peak hit July 14, as oil refiners are forced to pay up for record world crude oil prices of over $60 a barrel.

<!--startclickprintexclude--><!--endclickprintexclude-->Also up for wager: Will the average price of gas in the United States reach $2.35 per gallon by Labor Day? Will the average price of gas in the U.S. reach $2.40 per gallon by the end of the year?

<!--startclickprintexclude--><!--endclickprintexclude-->Fratini said maximum bets on gasoline will be around $500, though the site allows for bets in the thousands of dollars for sports like football.

http://money.cnn.com/2005/08/05/news/funny/gas_betting.reut/index.htm?cnn=yes

 

[JimmyHoffa]

Keep an eye open for states implementing new gas taxes as well. Washington just tacked on 3 cents more per gallon.

 

[VaultedTreehouse]

No brainer to bet yes on 2.40 avg for reg by new years. The current avg is 2.30. You don't need to see much of a move at all to get there.

Up to 2.339 in 3 days. Like printing money.

 

[Fishhead]

Here in Miami on vacation, think I am going to spend $1,000 in fuel by the time I get back home.

*^*(*y^*%*%%%*(*(*(&(

:CUSSING: :CUSSING: :CUSSING: :CUSSING:

 

[cincy_]

Up to 2.339 in 3 days. Like printing money.

Did you place a wager? I hope you hit it for the max and get paid. Good luck.

I stayed away and its off the board now.

 

[VegasMike01]

Up to 2.339 in 3 days. Like printing money.

This new Ethanol thing might decrease demand too though. I dont think its as much of a 'no-brainer' as you think. But hey, I have called them wrong before.

 

[VaultedTreehouse]

Did you place a wager? I hope you hit it for the max and get paid. Good luck.

I stayed away and its off the board now.

Yes, I hit it more than once. Oil up 1.54 today. Again, you have until Jan 1 for this. That's a long time....They took down this prop today but it will be back.

 

[hawkeye171]

just went to visit my girlfriend in the hospital in tampa. when i left, i noticed gas at $2.25 at a raceway. when i came back about three hours later, the price jumped to $2.40.:monsters-

 

[VaultedTreehouse]

Love that Hawk, I have a little at over 3.00 gas in LA or NYC. Hell they are already at 2.65 in LA. A bit of a spike and you're there.

 

[Fishhead]

just went to visit my girlfriend in the hospital in tampa. when i left, i noticed gas at $2.25 at a raceway. when i came back about three hours later, the price jumped to $2.40.:monsters-

WOW!!!!

RACEWAY is about the cheapest place to buy gas in the Tampa area too!!

 

[VegasMike01]

WOW!!!!

RACEWAY is about the cheapest place to buy gas in the Tampa area too!!

Premium gas here in vegas already at around $2.70 up in summerlin.

 

[juice]

I believe this is the official source of Pinnacle's info:
http://198.6.95.31/

we're up to $2.339 for regular