4 month old price.

http://www.tf2outpost.com/trade/12085561 (4th offer of 32 keys -- retracted) -

http://www.tf2outpost.com/trade/12813003 (4th offer of 25 keys -- accepted) - 5 day old trade

http://www.tf2outpost.com/trade/12712712 (4th offer of 1 bud -- denied) - 1 week old trade

http://www.tf2outpost.com/trade/12975809 (B/O of 30 keys) - 18 hours old

http://www.tf2outpost.com/trade/12910490 (first offer of 1 bud 3 keys -- owner wants one more key) - 2 day old trade

http://www.tf2outpost.com/trade/12556262 (another 30 key B/O)

http://www.tf2outpost.com/trade/12858506 (4th offer of 1 bud -- denied) - 4 day old trade

Even if some of that is within the current range, it shows people are willing to do ~1.1 now. The price is old, and is in need of an update. The 1 bud being denied stuff just keeps the range above a bud.