What will be the spot price per million BTUs for natural gas on 30 September 2024?
Closed Sep 30, 2024 07:01AM UTC
High levels of natural gas in storage in the US has kept its price relatively low in historical terms (Oil Price, EIA - Weekly Natural Gas Storage Report). The question will be suspended on 29 September 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 October 2024 (FRED, EIA - British thermal units). On 21 May 2024, the spot price for natural gas was $2.52.
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The question closed "At least $2.50, but less than $3.00" with a closing date of 30 September 2024.
See our FAQ to learn about how we resolve questions and how scores are calculated.
| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Less than $1.50 | 1% | |
| At least $1.50, but less than $2.00 | 3% | |
| At least $2.00, but less than $2.50 | 26% | |
| At least $2.50, but less than $3.00 | 67% | |
| At least $3.00, but less than $3.50 | 2% | |
| At least $3.50, but less than $4.00 | 0% | |
| At least $4.00, but less than $4.50 | 0% | |
| $4.50 or more | 0% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 38 |
| Average for questions older than 6 months: 187 | |
| Number of Forecasts | 215 |
| Average for questions older than 6 months: 542 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
