That depends mostly on reader feedback. We're concentrating on fine-tuning our forecasts for those cities that our subscribers and Web site visitors are asking for most. Naturally, that will probably be the biggest cities.
Nashua, NH (PRWEB) January 8, 2009
GasPredictor.com, a Web site providing short-term forecasts of changes in retail gasoline prices, has announced that its first "local edition" will begin publication on Monday, January 12, 2009. The Nashua, New Hampshire edition will be the first of up to twelve local editions planned for publication over the next 12 months.
Subscriptions are strictly limited. Only 1,200 weekly subscriptions and 800 daily subscriptions will be issued. Once these are filled, no more subscriptions to the Nashua edition will be offered. These same limits will apply to each of the local editions to be offered in the future.
The company has been publishing its predictions for the general direction of movement of gasoline prices for the entire United States for two months now, and they have been correct 100% of the time since publication began. The new local editions, of which Nashua, New Hampshire will be the first, will predict not only whether prices will change or remain the same, but also the amount of the change.
Currently, GasPredictor.com publishes its "Gas Predictor" newsletter for the 48 contiguous United States. These predictions, released to subscribers each business day at about 4:30 PM Eastern Time, are based on the price of gasoline futures and on the retail prices of regular unleaded gasoline in each of twelve key cities across the country. Using a complex mathematical model, GasPredictor.com determines which way gas prices will move the next business day in each of those twelve cities, and then applies that prediction to the country as a whole. These forecasts are remarkably accurate in predicting the direction of movement of gas prices, but only for one day in advance, and only in terms of direction.
The new local forecasts will use each local model without consolidating the model into a nationwide forecast. The forecasts will include the amount of change, within a given range, in addition to the direction of change.
The twelve cities currently used in the national forecasting model will each get their own local edition of the "Gas Predictor" newsletter over the course of the coming year.
Chuck Bonner, lead analyst for GasPredictor.com describes the planned roll-out of the next twelve local editions: "We began developing our forecasting model right here in Nashua, so that is where our algorithm was first tuned to perfection. It's not the biggest market, but it's where our forecasts currently work best, so that's where we're publishing first. We are confident that we can tweak the local forecasting models for the other eleven cities over the next few months. They already work perfectly for predicting the up-or-down movement of prices, but not the exact amount of the movement." When asked which cities will follow, Bonner stated, "That depends mostly on reader feedback. We're concentrating on fine-tuning our forecasts for those cities that our subscribers and Web site visitors are asking for most. Naturally, that will probably be the biggest cities."
Subscribers to the national edition of the "Gas Predictor" newsletter can convert their subscription to any of the local editions as they become available, and they are given advance notice as new editions are prepared. For instance, subscribers were notified of the Nashua edition over a week ago, so some of the 2,000 subscriptions have already been taken.
Annual and quarterly subscriptions to the Weekly and Daily Gas Predictor email newsletter are available exclusively through the Web site at http://www.gaspredictor.com/SubscribeMain.htm.