Anyone know when gas prices are supposed to level out and come down a bit?¿

 

Short term, it's anyone's guess, I'm sure the election will have some significance. Long term, they'll come down when we start reducing our consumption and decreasing our reliance on imported as well as domestic oil. It's the most basic law of economics, supply and demand. The US has always used a disproportionate share of the worlds oil, the difference is now we will be competing with countries like China for the available resources. I personally see continual upward pressure on prices because there is no incentive for OPEC to lower them. If the shoe were on the other foot, and we were selling the oil, we would want to maximize our profits. If we were smart, we would start investing heavily into alternative fuels and more efficient vehicles. The less we need their fuel, the less the price effects our economic health. I know that's not what people want to hear, but we're going to have to do a lot better than 12-16 mpg, or we can keep exporting American dollars at a record level to the Middle East. Does anyone remember the Chrysler "K" cars??

 

I expect they'll go up above $2 a gallon for awhile then come back down to $2 a gallon range and everybody will think thats cheap. In any case I doubt it will ever go down near a dollar a gallon again.

 

If one was to look around the net on the sites that relate to gasoline issues >
as in: How is it determined how much gasoline costs.
I have one on my web site that explains it.

 

Part of it may be the Middle East, but there's quite a bit of padding by the oil companies themselves for profit's sake. Also, the engineering of the gas causes alot of problems as well. Look at California. All these different additives add alot of cost. It's actually a miracle it's as cheap as it is..or was rather. It shouldn't be as high as it is...but..we'll see. I see it never leaving 2 dollars a gallon here in a few years...

 

If you wish to help >> Build & operate about 10 NEW Refineries.

 

This is the same thing I've been saying!

 

I just recently took a driving trip up to virginia to pick up a boat. I paid 1.83 a gallon here in louisiana. I noticed the farther north i drove the more expensive it got. I think we paid like 2.05 in va. How much are fuel prices in maine or lets say canada?

 

I agree 100 % , But we know that wont happen.

 

its still 1.87 here in south georgia, hopefully won't get to much higher here we've been lucky i guess just over the florida line it's been 2.27 a gal of 87octane,

 

The cheapest I've seen it in San Marcos is the mid-1.80s for regular/unleaded.

 

UP to date.


http://money.howstuffworks.com/gas-price.htm


Here's a link that is prevalent today.

http://news.bbc.co.uk/hi/english/sta...el/default.stm

 

Im not sure the ages of you guys but im 33 and i remember in the 70s when there was a gas shortage, luckily i was just a kid but what a mess it was, Looks like were headed down the same road again.

 

Just paid .87$ a litre to fill up here in calgary, thats somewheres around 3.30$ a gallon

 

I doubt that gas prices will drop so long as people in this country continue to buy gas pigs, proving they don't mind paying high gas prices. Sorry if that steps on anyone's toes, just simple economics.