what would our gas prices be if we actually used Alaska for our main source for oil?

Question

what would our gas prices be if we actually used Alaska for our main source for oil?

Answer 1

About the same since we don't have any more refineries to process the extra oil.

Answer 2

Gas would still be about $ 3.50 per gallon. The Northern Alaska Oil reserves will last 6-10 years at best. Bush's Iraq War destablized the reliability of the worlds oil supply - the result being an increase in price of about 50-75 cents per gallon. The lack of oil refineries ( and h-cane Katrina also cut into our ability to refine oil. But Blame Bush and his Iraq debacle for high gas prices. That is where the blame rightfully belongs.

Answer 3

Alaska is a significant source of oil.

And I think there are two directions you could be going with your question...

1) Opening up ANWR won't produce enough additional oil to significantly effect the worldwide supply of crude.

2) Alaska doesn't produce enough crude to meet all US needs, so we can't try and cut back on foreign imports without greatly increasing the price at the pump.

Answer 4

It doesn't matter how much oil is drilled or where it is drilled.

The oil companies have refused to build a new refinery in 30 years.

The bottle neck choking the supply and driving up the price is the lack of refining capability.

Demand has consistently grown and supply is fixed at the rate that was set in the 70's.

At that time there was a surplus in refining capability and OPEC was choking the supply with the oil embargo.

Answer 5

No one knows for sure.
But the estimates are that gas would drop over a dollar a gallon.
That is just an estimate.

It is estimate that if the Democrats would allow us to also drill more Off Shore & on Oil Rich Government Land, the prices would drop around 2 dollars per gallon.

BUT...... The Democrats would ALSO have to be forced to allow more Refineries to be built.
Democrats will never allow any of this to come to pass. Because the Democrat Party receives Millions of Dollars each Election from the Environmentalists to get Gas Prices High.

(Note***** below. The Kennedys shut down the Wind Farms in their area of the country. Said they were unsightly. Ho Ho Hee Hee.)

Answer 6

It wouldn't have to be our main source for oil but it could help to keep the oil reserves up and the price of gas down.

Answer 7

If you are saying we got most of our oil from Alaska? Then the price would be quite high since Alaska alone could not feed our usage.

Alaska Production ~ 700,000 bbl/day
US Consumption ~ 20,730,000 bbl/day

Answer 8

It would increase the price of gas an average of $9 to $11 a gallon- before taxes- across the US (& I don't want to THINK how much the price of everything ELSE would go up- because of the increased energy & transportation costs!). I really DON'T think we want to "go there" with THAT option. :)

Answer 9

We need refineries. But yes, we have plenty in Alaska, Colorado, hell even Mexico....
We can't drill here because the same Polititians who made us stop are the same one's whining and Blaming now.
Funny how that works.....
"Save the spotted owl, it's more important than skyrocketing prices".......Please..............

So it's now the Oil Companies fault we don't have oil or refineries? That's creative.....

Answer 10

It's hard to say, the price of oil is speculative as much as current demand based. But it would be lower, and we wouldn't be sending as much cash to countries like Saudi Arabia.

Answer 11

Gas prices are based on the global price of oil.

Now if we want to cut our gas expenditures, we should use less gas. Drilling more oil only feeds the beast.