Report indicate a supply building up.
2006-08-30 14:32:19 · 15 answers · asked by sonny e 1 in Cars & Transportation ➔ Other - Cars & Transportation
No. I think it will fall a little more, but not that much. My guess is that it will be $0.20-0.30 cent cheaper by that time
2006-08-30 14:38:17 · answer #1 · answered by Ivan 5 · 1⤊ 0⤋
ha ha, very funny. Even though market reports were saying this today, I doubt that it will be $2 by Thanksgiving (or ever for that matter). Even though a supply may be building, you have to take into account future events, which is something that no one can do. If there is another conflict in the middle east like we saw earlier this summer, or if Iran decides to stop sending us oil in a retalitory effort to stop us and the UN from declaring sanctions against it, the price of oil and gasoline could rise significantly instead of falling. To sum up, we won't know till Thanksgiving gets here.....until then, we can only hope.
2006-08-30 14:43:39 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Not a chance there will be another mideast oil turmoil, hurricane, tornado hits the ship channel sinking two oil tankers. Clean up takes months getting oil to the refiners is in trouble . The question is do you think we will have gasoline prices the Brits pay?
2006-08-30 14:40:42 · answer #3 · answered by John Paul 7 · 0⤊ 0⤋
Do you think the opil industry will allow this to happen? They back the republicans and the lower gas prices are supposed to get people to think that the good times are on the way back thanks to the republicans. No matter who wins control of congress, oil prices will be at least $3 by Christmas due to some trumpeted up or manufactured so-clled crisis.
2006-08-30 14:39:10 · answer #4 · answered by Iamstitch2U 6 · 0⤊ 0⤋
Probly not, its between $2.79-$2.84 a gallon here, if it did get down to $2 gallon, i would be doing a happy dance. Heck i remember when gas was 89 cents a gallon one summer, it was $1.26 when i got my drivers liscenses. And i am only 20.
2006-08-30 14:40:05 · answer #5 · answered by steph_735 1 · 0⤊ 0⤋
In your dreams. The market will find reasons to push the price back up - storms, accidents, bad weather, China, India.
2006-08-30 14:38:21 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Heh, like an answerer already said, Dream On! I do not think we will ever see $2.00 again for a long time. Wouldn't it be nice, though?
2006-08-30 14:51:57 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Isn't it peculiar how we're now conditioned to think that $2.00 a gallon for gas is a bargain?
2006-08-30 14:36:02 · answer #8 · answered by Anonymous · 0⤊ 0⤋
only if there is a miracle and if we are lucky...the oil companies are having record breaking profits and they still claim they're not making any money.
2006-08-30 14:49:41 · answer #9 · answered by iceprincess_12_04 3 · 0⤊ 0⤋
Dream on.
2006-08-30 14:35:11 · answer #10 · answered by elgil 7 · 0⤊ 0⤋