I live in New York and I pay approximately $2.67 per gallon of gas?
What is the average price of gasoline where you live?
Do you think the cost of gasoline will continue to fall into the next year, 2007?
From Missouri, where the average cost of gasoline is $2.11 to Hawaii, where the average cost of gasoline is $3.14 per gallon, are you comfortable with the cost of gasoline in your state/area?
If you are looking for a new or used car, will the price of gas be a high consideration as to what type of car you buy...and what about hybrids?
2006-11-19 19:23:23 · 5 answers · asked by marnefirstinfantry 5 in Cars & Transportation ➔ Commuting
The average price of gasoline where I live is just about the same as yours. Will the cost continue to fall? I don't think so. We will never see gas fall below $2.00 per gallon across the country again and before 2012 we will all be paying more than $3.00 per gallon. Why? Because the oil companies know they can get it from us. Our society is still way too dependent upon oil and gas. It will be at least another generation or so before we seriously start to look at alternatives. A hybrid? Great idea but I don't think it will catch on in most parts of the country. I see them out here on the west coast and I'm sure they are around in the north east but can you really see them in the mid west or the south? It is just a different mind set there.
I hope I'm wrong and people do start to see that we are being forced to pay what ever the oil companies want us to pay.
2006-11-20 01:16:10 · answer #1 · answered by ? 5 · 0⤊ 0⤋
Supply and demand are certainly part of it. Americans are driving fewer miles than they did a year ago. In addition, gas prices tend to peak around Memorial Day and drop once the peak driving season goes toward conclusion. That's probably happening here. And, there was undoubtedly some speculation by investors about oil prices, driving it artificially up. When that bubble finally burst, as it always does, the price dropped.
2016-05-21 21:49:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I don't think OPEC will allow gas to get too much lower. They will continue to drop production to decrease supply. And if the war in Iraq keeps getting worse, that will not help prices either.
Around here (East TN) I've seen from $2.01 to $2.11 in the last few days. I'm not really comfortable with it, but I'm living with it. Not much else you can do. We conserve now to a point. If it was higher, I'm sure we would conserve more.
I bought a new car about 9 months ago and it definatly influenced my decision. Ended up with a new Civic, but not the hybrid.
2006-11-19 19:36:57 · answer #3 · answered by Flip 3 · 0⤊ 0⤋
I think that as long as consumers continue to "waste" gasoline as in unnecessary trips, warming up their cars, and idling for extended periods of time, that "they" will continue to charge what the market will bear. If people cut down on their purchases of gasoline(supply)....the price will go down(demand). Anymore, if I don't need to go...I don't. Consolidate trips out..save a few gallons next tank.
2006-11-19 19:34:44 · answer #4 · answered by baconbob 1 · 0⤊ 0⤋
Well, now it's up a bit again, due to the holiday driving. But, unless some unforeseen catastrophe happens, it looks like oil will continue to drop in 07.
2006-11-20 15:23:23 · answer #5 · answered by Papa John 6 · 0⤊ 0⤋