i think paying over 2 bucks a gallon for gas is a rip off. where i live its at about 3 dollers a gallon and rising every day. whats the average gas price where you live and do you think prices will drop down below 2 and stay there?
2007-04-22 14:48:07 · 11 answers · asked by None 4 in Cars & Transportation ➔ Commuting
Of course it will... and Santa is real you know.
Mate, the money men in the industry have realized they have suckered us and will now continue with their greedy ways.
The governments around the world have not stepped in to police it so they have an easy ride from here on.
2007-04-22 14:58:36 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Multiple answers for this one: 1) emerging markets, such as China and India, competing for the same product (supply and demand). 2) Lack of refining capabilities. The U.S. hasn't put a new refinery online since the early 1980's. Our "NIMBY" society won't allow construction of new refineries, therefore, outdated and inefficient refineries are not only overworked, but they are prone to short and long term shutdowns simply do to their age. 3) Speculators. Crude oil and it's byproducts are commodities that are traded on an open market. When any world event that may or may not have an effect on the oil market happens, speculators begin bidding up the oil prices. These price hikes are passed on to the customer. 4) They ain't making any more crude oil. When it is gone, it is gone! The oil companies are entitled to make a profit while there is still a product to make money off of. Cause when it is gone, it will be gone!
2007-04-22 15:03:09 · answer #2 · answered by yeoldevillageidiot 2 · 1⤊ 0⤋
LOL, don't move to Europe! They've been paying $7/gal for awhile.
Look. With
- Political issues in the middle east
- environmental issues
- China and India's prosperity and emerging middle class
- increasing costs of oil exploration
it's pretty obvious which way the wind is blowing.
Non-renewable resources have a funny way of running out! That's why they're a bad long-term plan.
2007-04-22 14:51:55 · answer #3 · answered by Wolf Harper 6 · 1⤊ 0⤋
Its around $3/gallon in the Tampa, FL area. I would be happy to see $2.10, but unfortunately we also have to factor inflation into the equation.... not a pretty picture, but at least we've been more fortunate than most of Europe in that we pay much less than they do, so at least we've got that going for us.... which is nice.
2007-04-22 16:05:57 · answer #4 · answered by Porterhouse 5 · 0⤊ 0⤋
It appears on average to be about $2.75. I don't think that it will ever go back under the two dollars a gallon, as people are now used to it.
2007-04-22 15:01:35 · answer #5 · answered by Beau R 7 · 1⤊ 0⤋
I, sadly don't think it will ever be that low again. The reason is we've already gotten used to paying a higher amount, and the business' have gotten used to getting a higher amount, so why go back now? It's carzy, but it seems to be how it works.
2007-04-22 14:57:28 · answer #6 · answered by Lisa R 3 · 1⤊ 0⤋
no and I hope it doesn't...by having higher gas prices alternative fuels can enter the market and that way this country won't have to be kissing Saudi a ss so we can power our gas guzzling vehicles
2007-04-22 16:39:51 · answer #7 · answered by cthomp99 3 · 0⤊ 0⤋
Unfortunately with demand rising I think those days are over.
2007-04-22 15:28:59 · answer #8 · answered by Gorilla 6 · 1⤊ 0⤋
no
not with emerging fuel hungry markets like china and india.
we need to reduce our dependence on cheap oil
2007-04-22 14:51:49 · answer #9 · answered by phenobulous 4 · 1⤊ 0⤋
no,unfortunately it will never go that low again.thanks to the greed of the large oil company's and their "benefactors"!
2007-04-22 14:52:51 · answer #10 · answered by teachprek8 2 · 1⤊ 0⤋