What will be the spot price per million BTUs for natural gas on 28 June 2024?
Closed Jun 28, 2024 07:01AM UTC
Record domestic natural gas production in the US has pushed prices to multidecade lows (MSN, EIA - Weekly Natural Gas Storage Report). The question will be suspended on 27 June 2024 and the outcome determined using the spot price per million British thermal units (BTUs) per the US Energy Information Administration (EIA) as reported by the Federal Reserve Economic Data (FRED) database, expected in July 2024 (FRED, EIA - British thermal units). On 28 June 2023, the spot price for natural gas was $2.71.
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The question closed "At least $2.40, but less than $3.00" with a closing date of 28 June 2024.
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Less than $1.20 | 0% | |
| At least $1.20, but less than $1.80 | 1% | |
| At least $1.80, but less than $2.40 | 12% | |
| At least $2.40, but less than $3.00 | 85% | |
| At least $3.00, but less than $3.60 | 2% | |
| At least $3.60, but less than $4.20 | 0% | |
| $4.20 or more | 0% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 42 |
| Average for questions older than 6 months: 187 | |
| Number of Forecasts | 319 |
| Average for questions older than 6 months: 542 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | better than average |
