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Will gasoline prices in the Northeast decrease by July 31?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
US Energy Information Administration reports on regional gasoline prices.
Story
Biden to Release 1 Million Barrels of Gasoline from Strategic Northeast Reserve on Tuesday to Lower Prices
May 21, 2024, 05:00 PM
President Joe Biden has announced the release of 1 million barrels of gasoline from a strategic Northeast reserve on Tuesday in an effort to lower prices at the pump. The reserve, established after Superstorm Sandy, is being tapped as part of the administration's strategy to address rising fuel costs. The Department of Energy will oversee the sale of the gasoline from the U.S. managed stockpile, as required by law. This move aims to provide temporary relief to consumers facing high gas prices this summer.
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Similar markets
Yes, national average gas prices decrease • 50%
No, national average gas prices do not decrease • 50%
Significant increase (10% or more) • 33%
Moderate increase (5-10%) • 33%
No significant change (less than 5%) • 33%
Prices decrease significantly • 25%
Prices decrease slightly • 25%
Prices remain stable • 25%
Prices increase • 25%
Yes, reserve fully depleted • 50%
No, reserve not fully depleted • 50%
Below $3.00 per gallon • 25%
$3.00 - $3.49 per gallon • 25%
$3.50 - $3.99 per gallon • 25%
$4.00 or higher per gallon • 25%
Significant increase in summer travel • 33%
Moderate increase in summer travel • 33%
No increase in summer travel • 33%
Significant increase in prices • 25%
Moderate increase in prices • 25%
No significant change • 25%
Decrease in prices • 25%
Yes, Biden's approval ratings improve • 50%
No, Biden's approval ratings do not improve • 50%