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i think that we sould have cheaper gas

2007-11-04 12:27:22 · 13 answers · asked by nola c granny 1 in Cars & Transportation Maintenance & Repairs

13 answers

contact the president

2007-11-04 12:29:19 · answer #1 · answered by ASE_mechanic 4 · 0 1

Negative. Oil over the long haul has always increased in price.

Europes economy of booming. Previously it was not and here in the United States we would import 14% of Europes "extra" gasoline. We're not longer doing that since they need it.

China is running out of gas at the stations.

Prices would come down if we had more refinerys and more drilling fields but with how politics and environmental groups work it will be a long time before we see any of that.

Look into gas banks, you can lock in at a current gas price since prices will only continue to increase. You have to buy into the gas bank, it's not cheap, but you'll save 10 fold. 60 minutes did a special on a lady who joined a gas bank in the 80's. She invested $5k in the gas bank and locked herself in at 85 cents a gallon. I think on average people spend $1k a year in gas at $2.50 a gallon. So she's more than made her money back.

Oil prices foreshadow gas prices by 2 weeks. We just hit a record high for oil. Right now we're at about $95 a barrel.

Then we were seeing $3.65 a gallon on average earlier this year, prices were at $77 a barrel.

Expect to be hit hard at the pumps in the coming weeks unless the price drops. Based on what's going on in the world, I wouldn't hold your breath.

2007-11-04 12:34:24 · answer #2 · answered by Rhathid 3 · 0 0

Where do you live? If you live in the US, your gas is CHEAP! In eastern Canada, we are currently at $1.12 per litre, which is $5.08 per Imperial gallon, or $4.21 for an American gallon. In Europe, prices are even higher.
Canadians tend to buy smaller cars, since our gas prices are always higher than Americans. And Europeans buy still smaller cars, with more fuel efficient engines, than the gas hogs so prevalent in North America (yes, there are lots in Canada too).
I am so tired of Americans complaining of high gas prices. You have it good and don't realize it.
And as much as I don't want to say it, higher gas prices will actually be better for us. Long-term, higher priced gas means more fuel efficient vehicles will be designed and people will buy them, thereby lessening our pressure on the environment. As long as gas stays cheap, which it is compared to bottled water for example, then people will have a tendency to buy larger less fuel efficent vehicles.
Oh by the way, we all need to slow down. I know people with F-250's who drive at 120 kph all day long and then complain about the price of fuel.

2007-11-04 13:04:00 · answer #3 · answered by Anonymous · 0 0

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2016-12-30 19:10:57 · answer #4 · answered by ? 4 · 0 0

A good rule of thumb is "Gas cost .03 cents for each $1.00 that oil cost per barrel". That works like this if oil is $60 dollars a barrel, take $60 X .03cents = $1.80 for the 87 octane gas! now that it is $95 X .03 = $2.85 per gal (This is here in Kentucky)

2007-11-04 12:35:15 · answer #5 · answered by book writer 6 · 0 0

Yes, actually, they just found out that in Mexico,k there is a secret gas mine! it sounds cucoo! I know, but my dad is a scientist and they say that when they go to the end of the mine, there is a whole lot of gasoline able to supply 1,000,000,000,000,000. full tanks! or maybe even more! new jersey and New York get first dibs because most of the scientists that found out this cool thing we're from Nj and NY so in those places in approximately 30 days, gas will go down 50 cents a gallon! It's awesome! you are one of the first people that I told, by the way!

2007-11-04 12:33:32 · answer #6 · answered by cutie shelby 3 · 0 2

Come down. Where have you been? Gas is continuing to go up in price.

2007-11-04 12:35:31 · answer #7 · answered by Anonymous · 0 0

No, gas prices are going up. And theres no way to tell when they're going to come down again.

2007-11-04 12:30:24 · answer #8 · answered by ? 3 · 0 0

Long term, unless there is worldwide recession, oil (and thus gasoline) prices will continue to rise, due to supply and demand. Supplies have topped out, or soon will, and demand continues to rise.

2007-11-04 12:32:42 · answer #9 · answered by Nigel M 6 · 0 0

according to 60 minutes about 15 minutes ago, it sounds like the rising gas price trend may continue for quite a while. idk tho, 60 minutes is very liberal! We'll see...

2007-11-04 12:30:51 · answer #10 · answered by The Chef-dishin out the answers! 5 · 0 0

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