It seems that gasoline has reached an all time low.The question is will it stay that way or go up or hopefully, down in price per gallon.
2006-09-06 16:45:51 · 15 answers · asked by Anonymous in Social Science ➔ Economics
I sure hope so...
2006-09-06 16:47:49 · answer #1 · answered by iluvtheyanks2 2 · 0⤊ 0⤋
Of course it is going up. Without a major world recession the demand for refined oil will exceed our ability to supply it within a couple years. We can't slow or stop China and India. Exacerbating the problem will be the increasing nationalization and protectionism of oil by the countries that have been supplying oil (and natural gas). China has announced they intend to cease exports of oil they have been supplying southeast Asia) Russia is planning to sharply curtail their exports (They have been re-nationalizing their oil resources. Russia has also been shutting off their natural gas pipelines or threatening to in order to force higher prices from their customers.) Iran controls the Straights of Hormuz and all oil sent through the Persian Gulf goes through those straights. They could bring oil transport to a stand still with one live round across one bow. The price of gas around the world would skyrocket immediately, except in Venezuela where the ten penny dictator du jour sells gasoline to his own people for less than 20 cents per gallon.
Yes Virginia, the price of gas is going up.
It is very unwise to buy an SUV today.
2006-09-07 00:06:30 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Fuel prices will go up AND down, just like they have always done. Right now they are going down and that is a very good thing. Be assured that they will go back up again.
If you take into account inflation, the price of fuel in the US is still a bargain compared to the past, and also compared to the cost in other countries.
The pain came from the rapid increase in cost.
2006-09-07 00:34:46 · answer #3 · answered by m15 4 · 0⤊ 0⤋
Watch the news... gas prices are expected to reach $2 a gallon again. They might be at an all time low for you, if your 16. I remember filling up my car for $15 and that wan't too long ago. But even though they will go down, they will go up again for the holiday season, and again go up next summer... its a continuous cycle
2006-09-06 23:55:56 · answer #4 · answered by JenM_02 2 · 0⤊ 0⤋
"It seems that gasoline has reached an all time low" - LOL. No wait, I'll add a comment,. You are dumber than a bag of hammers, if you belive that gasoline has reached an all time low.
Were you paying attention when gas was 30 cents per gallon (I filled my Corvette today at $2.76)
2006-09-07 00:13:15 · answer #5 · answered by dryheatdave 6 · 0⤊ 0⤋
In the short term the oil prices will perhaps stay around present levels .In the medium to long term oil prices have to come down to about half today's' level. This is because high oil prices encourages development of marginal oil resources and also encourages development of alternatives. Already high oil prices have resulted in significant investment in Canadian sand oil and also in alternative resources including renewables. It is in the interest of oil producers to keep oil prices below $ 35.
2006-09-08 05:09:09 · answer #6 · answered by jarad_us 2 · 0⤊ 0⤋
All time low? Where have you been?
Prices are expected to drop to around $2 a gallon.
2006-09-06 23:52:07 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yes, both.
Fuel prices are highly sensitive to oil prices and go up and down with world markets.
2006-09-07 07:32:54 · answer #8 · answered by MBK 7 · 0⤊ 0⤋
the only time petro will go down is when there is a decrease in demand.
with emerging nations raising demand, that won't happen
2006-09-07 21:12:05 · answer #9 · answered by elmo o 4 · 0⤊ 0⤋
it will go down for about five more minutes and then it will be back on the way up
2006-09-06 23:51:19 · answer #10 · answered by Report Abuse 6 · 0⤊ 0⤋
All time low ???
Not even close...
Last year it was $1 gallon cheaper..
2006-09-07 00:06:05 · answer #11 · answered by Anonymous · 0⤊ 0⤋