2007-10-22 04:14:57 · 12 answers · asked by Anonymous in Politics & Government ➔ Politics
Sorry, Trustee, but gasoline, while it may go down a bit from time to time, is subject to global demand and global demand is rising. With China and India buying as much fuel as they can to power their industrialization, global supply cannot last forever and as scarcity increases, so do prices.
Additionally, with the dollar weakening against so many currencies, even without supply pressures our oil costs would increase. As the dollar buys less against other currencies, it makes oil more expensive to us.
The days of prices going under $2.50/gallon nationwide are few and far between from here on out. We will see seasonal spikes, as we do each spring.
For the haters out there: Do you know where we import most of our oil from? Canada and Mexico. While everyone complains about Saudis, Iraqis, Iranians and Venezualans, our two closest trading partners provide us with more oil than any other countries.
2007-10-22 07:56:51 · answer #1 · answered by Anonymous · 2⤊ 0⤋
The laws of supply and demand apply. Not likely a decrease in the price. Firms are buying up excess supply through futures contracts. December futures are $86 a barrell. Many oil producing countries have stated the price per barrel is too low. Another note, oil is denominated in US dollars so as the dollar falls we also see an increase in the price of oil.
2007-10-22 04:21:54 · answer #2 · answered by The Slick Meister 2 · 0⤊ 1⤋
Not with the budget deficit we have. The National Debt is over nine trillion dollars and climbing. This causes the dollar to weaken and oil prices to climb more every day.
Also, we are passed peak oil and world wide demand increases every day.
2007-10-22 04:28:32 · answer #3 · answered by Zardoz 7 · 1⤊ 0⤋
particular, the cost can come down. besides the shown fact that oil is the uncooked textile necessary to make gas and this is value keeps going up interior the final 5 years. additionally taxes shop going up. becoming costs make utilising capacity greater high priced. So it hurts human beings whochronic a lot, power wasteful automobiles, airways, trucking companies, and so on. besides the shown fact that it helps engineering companies, capacity companies, utilities and persons who artwork interior the materials corporation.
2016-10-04 08:37:00 · answer #4 · answered by ? 4 · 0⤊ 0⤋
In the seventies we hand to maintain much more army that we do now and we were building thousands of miles of highways and we could afford with cheaper gas now no we are not going to see cheaper prices !
2007-10-22 04:28:55 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Acclimation.... we are being acclimated to higher gas prices... so yes.. they will go down a little here and there.... but until it is a worthless outdated technology expect the overall trend to keep the prices rising.
2007-10-22 04:18:26 · answer #6 · answered by pip 7 · 1⤊ 1⤋
If Turkey invades Kurdish Iraq with a full-fledged invasion - it wont - if the crisis is adverted - it will go down. See http://news.yahoo.com/s/ap/turkey;_ylt=Ak1gTkgKwrUvlj1oh8Ne8VPtfLkA
2007-10-22 04:21:55 · answer #7 · answered by Anonymous · 0⤊ 1⤋
If:
-We suddenly balanced our government budgets
-Suddenly started exporting hundreds of billions in new products
-Lowered gas taxes
-Allowed drilling in known U.S. oil reserves
-Allowed construction of new refining plants
But honestly, I don't see it happening.
2007-10-22 04:19:55 · answer #8 · answered by freedom first 5 · 2⤊ 2⤋
nope... I suggest bio-diesel.
2007-10-22 04:50:18 · answer #9 · answered by vegan_geek 5 · 0⤊ 1⤋
nope,
as long a republican is in office, i don't see it happening any time soon.
2007-10-22 04:29:45 · answer #10 · answered by Shannon 3 · 0⤊ 3⤋