Are these gas prices ever going to drop again?

Question

The gas prices in my area went up 10 more cents today, reaching $3.59 a gallon. Are they expected to drop eventually or are they just going to continue rising?

Answer 1

The price-fixers and price-gougers at Mobil-Exxon and all the other 'big oil' outlets are very savvy manipulators. They will keep the gasoline price at $3.35 during the Memorial Day holiday driving season, then you'll see it go down a little bit. And, by the end of the summer, it will be back down to $2.89 a gallon, and everybody will be delighted. Because they've forgotten how just a few months ago they were bitc*ing because the price of gas was $2.90.
It's a shell game that 'big oil' con artists play on motorists because they can; they know we're addicted to OIL, and we will pay any price we have to, even if it means not buying other things we want or need. -RKO- 05/22/07

Answer 2

The law that govern the prices of basic and prime commodities is called "Law of demand and supply? No laws can ever repel that law. It follows that when the supply is high and the demand is law, then the prices will go down. When supply is low and the demand is high the prices of such commodity will soar up. I don't know the real situation of the supply of fuel from the middle East countries. Was it scarce, dwindling or substancial. If the source of Oil from other countries is still much, while the prices is very high then we can say that somebody has manipulated the prices somewhere. Since we are dependent too musc from the oil as fuel and the sources are depleting, we can expect the prices to go higher and higher. Unless something has to be done, an alternative source of fuel aside from oil. Oil for now has only few competitors, it is still the dominant fuel source. But once an alternative fuel has been discovered, naturally the price of it will go down , or else it doesnt have a share in the market.

Answer 3

we'd be fortunate if gas costs stayed at in basic terms $4.00. With china and india's financial gadget booming a huge majority of their 2 billion inhabitants are buying vehicles and as a consequence driving up the call for for gas. a sparkling president won't have the skill to do a lot, be waiting for $6 and perhaps even $7 a gallon for gas in the no longer so distant destiny. Why might the president care? If we as an entire we're not making a stand through no longer driving for a week or the truckers miraculous for a week the place no one might receive any form of cargo or programs then perhaps somebody in Washighton might pay attention. yet for now get used to it.

Answer 4

It will continue rising, greed is to blame. People have to work extra hours just to be able to pay for gasoline. Gas Prices where I am are currently 3.29 a gallon. It fluctuates greatly from day to day. Unless our Government wakes up and starts to provide public transportation in every State we are in serious difficulties, a person who earns minimum wage can't afford to drive to work. How sad is that in a country that supposed to have unlimited opportunities. The next presidential election is vital, hope everyone registers to vote and then go out and vote.

Answer 5

Yes they will. It will always fluctuate. Gas prices are tied to the oil market. Unlike what many people would like us to believe, the oil market is exactly that, a market, like the stock market. Oil companies do not control the price of gas. It is simple supply/demand, both for the actual oil and the oil futures.

Answer 6

Summer isn't here yet and that's when the is a typical spike in gas prices. It may be a summer where walking shoes become big sellers in the U.S.

Answer 7

As soon as does Iraqi pumps start pumping again we will be fine!