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What does peter out mean?

Looking for the meaning or definition of the word peter out? Here's what it means.

Verb
  1. (idiomatic) To dwindle; to trail off; to diminish to nothing.
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Examples
Prices take no account of the structural changes that happen when resources peter out.
The Commission's central forecast assumes that the financial distress will peter out gradually.
Its production must be carefully controlled, as it has a tendency to peter out, particularly in highly fertile soils in warm climates.
Then all I hope is the storm will peter out before dawn, so we can start for the river right away.
But when it begins to peter out, the speculative nature of the undertaking is revealed.
You've had water three times to our once, and yet you go to work and peter out with chuckwalla Tanks only five miles away.

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