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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.
Today, the upbeats will become more downbeat as the trumpet tootles peter out and the sax puts a lid on the headlong rush of demisemiquavers for another year.
Over land they lose their strength and peter out, but not before causing some damage.
I suspicioned he'd peter out when Pap Spooner died, but he fooled us the worst kind.
The Commission's central forecast assumes that the financial distress will peter out gradually.
Some films peter out purely on lack of effort in developing the main storyline.

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