Gas is over 3.00 in certain parts of New Jersey. What's your guess - at what point -will gas prices level off

Question

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What also is your guess as to the price of gas this time next year?

Answer 1

Gas prices are going up in the U.S.A., NOT in most of the rest of the modern (developed) world.
The reason?
The dollar has FALLEN severely, in value, compared to other currencies.
In actual fact, the price of a barrel of oil has risen little, but because of the value of the dollar relative to the value of other recognized currencies, we have to PAY more to get what other countries get while they are NOT paying increased prices.
The trends shall continue as long as we keep running huge deficits.
I anticipate $4.00 per gallon at the pump by the end of next summer.
If the deficits continue, we will become a bankrupt nation...when other nations refuse to invest in American bonds.
The solution? QUIT SPENDING (or at least stop wasting money) and become more PRODUCTIVE.

Answer 2

Why is Ron Paul a comedian tale and in case you do no longer know who Ron Paul is.. look him up! My god, the guy ran (or continues to be working) for President. do no longer you think of you will desire to understand approximately each and every candidate or won't be able to you vote? looking oil isn't the priority. The Dakotas have an oil pocket that's envisioned to be as enormous because of fact the wallet in Saudi Arabia... in basic terms we are no longer drilling it. that may not a grant and insist concern in that the call for is larger than the availability. area of the present problem is artificially manipulating grant mixed with a US greenback that's on the ingredient of valueless (fairly worth 60 cents in Europe on the 2d). i admire a number of Mr. Paul's recommendations yet i'm no longer so confident approximately this one. in case you do a sprint learn you will see that oil companies have, in the previous, offered refineries and then close them down interior consistent with week of purchase to help inflate the fee on the pump. i do no longer think of the respond is offering government perks to oil companies in any way (for development/making an investment in refineries). we would desire to make a great swap in direction of yet another gasoline selection and do it rapid. Screw those companies, their billions in revenue and their huge foyer money. We had a working engine that ran off of water (switched over it to hydrogen) in the 1940's! the guy, an immigrant that the U. S. asked pass right here, tried to pitch that engine for 40 years and no-you are able to still touch it. he's lifeless now however the patent continues to be there and shall we nevertheless hire it. Why are not we? Our contemporary problem is with the aid of layout... offering law that's oil product or industry particular isn't in all probability helping all and sundry. that's the equivalent of putting a band-help over a gunshot wound -- and ignoring the lacking limb.

Answer 3

Slow consistent rise to about $5 gallon sometime before 2010.

Answer 4

According to many of the world's leading geologists and oil specialists, oil extraction has reached its peak and will only decline further in the coming years. That will envitably cause prices to soar and we will have to turn to other energy sources.

Answer 5

Woooow.... 3 WHOLE dollars... (sarcasm)

Here in CA we've been paying over 3 dollars for the past few years already.... just below 4 at the moment, and likely to pass it up soon.

Answer 6

Be glad you're not in California - it's over $3.70/gallon!

Answer 7

the walmart in my town has $2.87 for gas.