Gas Prices
Gas Prices
Posting Guru
Joined: Jul 2003
Posts: 1,750
Likes: 0
From: Lenexa, KS
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??
Junior User
Joined: May 2003
Posts: 76
Likes: 0
From: south jersey
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.
Posting Guru
Joined: Dec 2003
Posts: 2,155
Likes: 3
From: Centerville, Iowa
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...
Senior User
Joined: Jan 2004
Posts: 389
Likes: 0
From: Charleston, SC
Originally Posted by jskufan
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??
Trending Topics
Tuned
Joined: Apr 2004
Posts: 287
Likes: 0
From: Slidell La.
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?
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New User
Joined: Jan 2008
Posts: 0
Likes: 24
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
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
Elder User
Joined: Apr 2002
Posts: 858
Likes: 0
From: Kentucky
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.