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Will the AAA average US gas price reach $4.50 by May 25, 2022?

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Will the AAA average US gas price reach $4.50 by May 25, 2022?

On May 10, 2022, AAA recorded its highest ever average US gas price, $4.374. This market asks whether the average US regular gas price according to the American Automotive Association (AAA) will reach $4.500 or more within this market's timeframe. The timeframe of this market spans May 10 to May 25, 2022 (inclusive). If the average US regular gas price according to AAA reaches $4.500 or greater by May 25, 2022, this market will resolve to "Yes". Otherwise, this market will resolve to "No". The resolution source for this market will be information from the American Automotive Association (AAA), presently found here: https://gasprices.aaa.com/. Specifically, the cell under "Regular" and for the row "Current Avg." will be checked at 8 PM ET daily, as well as the "HIGHEST RECORDED AVERAGE PRICE" for "Regular Unleaded." If the URL for gas prices as determined by AAA changes, the resolution URL will change. If the resolution source is unavailable on the resolution date, the source will be checked 24 hours later, specifically "Yesterday Avg.", and if still unavailable, another credible source will be used such as https://www.gasbuddy.com/.

On May 10, 2022, AAA recorded its highest ever average US gas price, $4.374. This market asks whether the average US regular gas price according to the American Automotive Association (AAA) will reach $4.500 or more within this market's timeframe. The timeframe of this market spans May 10 to May 25, 2022 (inclusive). If the average US regular gas price according to AAA reaches $4.500 or greater by May 25, 2022, this market will resolve to "Yes". Otherwise, this market will resolve to "No". The resolution source for this market will be information from the American Automotive Association (AAA), presently found here: https://gasprices.aaa.com/. Specifically, the cell under "Regular" and for the row "Current Avg." will be checked at 8 PM ET daily, as well as the "HIGHEST RECORDED AVERAGE PRICE" for "Regular Unleaded." If the URL for gas prices as determined by AAA changes, the resolution URL will change. If the resolution source is unavailable on the resolution date, the source will be checked 24 hours later, specifically "Yesterday Avg.", and if still unavailable, another credible source will be used such as https://www.gasbuddy.com/.

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Frequently Asked Questions

"Will the AAA average US gas price reach $4.50 by May 25, 2022?" is a prediction market on Polymarket where traders buy and sell "Yes" or "No" shares based on whether they believe this event will happen. The current crowd-sourced probability is 100% for "Yes." For example, if "Yes" is priced at 100¢, the market collectively assigns a 100% chance that this event will occur. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

"Will the AAA average US gas price reach $4.50 by May 25, 2022?" is a newly created market on Polymarket, launched on May 11, 2022. As an early market, this is your opportunity to be among the first traders to set the odds and establish the market's initial price signals. You can also bookmark this page to track volume and trading activity as the market gains traction over time.

To trade on "Will the AAA average US gas price reach $4.50 by May 25, 2022?," simply choose whether you believe the answer is "Yes" or "No." Each side has a current price that reflects the market's implied probability. Enter your amount and click "Trade." If you buy "Yes" shares and the outcome resolves as "Yes," each share pays out $1. If it resolves as "No," your "Yes" shares pay $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

The current probability for "Will the AAA average US gas price reach $4.50 by May 25, 2022?" is 100% for "Yes." This means the Polymarket crowd currently believes there is a 100% chance that this event will occur. These odds update in real-time based on actual trades, providing a continuously updated signal of what the market expects to happen.

The resolution rules for "Will the AAA average US gas price reach $4.50 by May 25, 2022?" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.