Are gas prices stuck forever more at over $2.50 per gallon? What will have to happen to reduce the price?
2006-07-20 11:17:25 · 12 answers · asked by Anonymous in Business & Finance ➔ Corporations
The only way the price will go down is if we discover a massive, untapped source of crude oil.
If not, the prices will continue to rise, until it runs out.
2006-07-20 11:20:52 · answer #1 · answered by Anonymous · 1⤊ 1⤋
The only way that the price of oil will go down is if China and India nuke each other. Otherwise, the demand for oil from these two increasingly industrialized nations is only going to increase, and basic economics says that the price of gas will increase right along with it.
2006-07-20 11:23:02 · answer #2 · answered by JoeSchmoe06 4 · 0⤊ 0⤋
We're now over $3.00 a gallon, and it looks like we'll never see gas for a buck a gallon again. However, all things are possible... perhaps we'll find a new fuel source and no one will want to pay two cents for gasoline, yet alone a dollar.
2006-07-20 13:40:55 · answer #3 · answered by Mike S 7 · 0⤊ 0⤋
I think it possible, but highly unlikely. Gas prices in my hometown were $1.25 in 1991, and dropped to 89 cents in the late 1990s. I think we could see dramatic drops, but I don't think it's going to drop $2 a gallon.
2006-07-20 11:22:50 · answer #4 · answered by Anonymous · 0⤊ 0⤋
no gases prices are going up because gas is becoming rare to reduce the gas pricesthe people are going to have to find alot more gas.
2006-07-20 11:23:01 · answer #5 · answered by babygul 2 · 0⤊ 0⤋
There is more oil in this world than people realize, but we wont tap into it for fear of it running out. And no, I doubt it will ever go below 2.50 again. Inflation at work.
2006-07-20 11:21:46 · answer #6 · answered by SassySours 5 · 0⤊ 0⤋
no way. gas prices will just keep going up. i think they look for a reason to raise gas prices.
2006-07-20 11:22:30 · answer #7 · answered by Nicko912 3 · 0⤊ 0⤋
Never...
And I hear it's Bush's fault....
Dont expect the price to go lower than 2.50... anytime in this century.
2006-07-20 11:21:53 · answer #8 · answered by ? 4 · 0⤊ 0⤋
nope, bush is invested with bin laden and their family. They r big petroleum investors, and he has set the presedence..........fuel will be a big commodity now, much needed thus bigger prices. Thank you Mr. Bush, gotta make money at anyone's expense.
2006-07-20 11:22:37 · answer #9 · answered by Anonymous · 0⤊ 0⤋
excuse my french but hell would have to freeze over before they drop I dont think they will ever go down as low as they were before
2006-07-20 11:21:16 · answer #10 · answered by Brock C 3 · 0⤊ 0⤋