2007-03-12 10:35:22 · 6 answers · asked by Anonymous in Cars & Transportation ➔ Commuting
There are many ways of producing gasoline that are not as cost effective as drilling, however, if the demand for gasoline drives the price up enough, then these production methods (like extracting oil from shale) become viable.
This means that if the demand get high enough, the market will fine new ways to increase supply which will help prevent the prices from rising unchecked. This means it isn't very likely gasoline will hit $5 anytime soon.
2007-03-12 10:45:09 · answer #1 · answered by lepninja 5 · 1⤊ 1⤋
I could easily see that by the end of the decade. Frankly, gas is cheaper (compared to other things) than it was in 1980, and those economics seem very artificial.
Hope you have a plan.
People are complacent right now, so this might be a good time to beat the rush and unload that guzzling SUV, or sell that house 50 miles out in the burbs.
2007-03-12 16:00:38 · answer #2 · answered by Wolf Harper 6 · 1⤊ 0⤋
When the GREEDY LEECHES known as oil co. Execs. can come up with enough phoney excuses to raise the price that much. With morals lower than a snakes belly they are real creative when it comes to ripping people off to stuff their own bank acct's. One only has to look at the obscene profit increases they have shown in the last several years.
2007-03-12 11:12:13 · answer #3 · answered by Poken 2 · 1⤊ 1⤋
gas costs almost as much as a roll in the hay with a decent looking hooker
2007-03-12 13:32:51 · answer #4 · answered by canadians_are_imbeciles1 2 · 1⤊ 0⤋
right before Bush leaves office and the government protection of the oil industry ends...finally
2007-03-12 10:43:07 · answer #5 · answered by Iamstitch2U 6 · 0⤊ 3⤋
Right after $4.99.
2007-03-12 10:41:30 · answer #6 · answered by iwingameover 5 · 1⤊ 2⤋