Are petrol prices going to come down and eventually settle? or are they gonna continue to just keep rising?

Question

what do you think..

Answer 1

Most likely to rise further over the next year and drift back down again over the next 5 years, as more wells and refineries are built.

Answer 2

Prices won't come down unless there's a big shake up like a catastrophic natural disaster that forces the oil companies to bring them down. I reckon they may level off at some point if we're lucky.

Answer 3

Settle?  Yes, eventually the priuces will settle; at a price we appreicate....that is the big question.  Poeple can go around blaming BUsh, the government, or forgien countries, but it the act of supply and demand that controls it.  With people using it less and less because of the price increase, the demand will eventually drop (kinda like the toy "fades", here one week gone the next, but this one is going to take a big longer)

Answer 4

One of New York's biggest commodities traders expects Oil  to hit $200 a barrell!!!!

If that happens we'll be paying £2 a litre or more.

Answer 5

At £1.14 in this area at the moment. The experts predict $200 barrel by Christmas, that would push a litre up to £1.80. Madness.

Answer 6

By Feb 2009 you will be paying £2:30 a Litre

Answer 7

will man walk on mars? will the simpsons ever end? you cant guess some of life's answers. the price will keep going up, but at what rate no one knows. prices have to go up because of inflation, but its whether they go up FASTER than inflation thats the point. also with newer cars consuming less than before, its not as big of a problem for drivers, however, transportation costs have risen meaning that everything you buy that was transported will go up in price or has already gone up in price. unfortunately, this will never end because there is an endless supply of oil, and its in the governments interests to NOT find alternative or free fuels because that will mean they will lose out on the MASSIVE excise and taxation it already provides them. a cheap life - never again.

Answer 8

Well according to people in Saudi Arabia there is no shortage of fuel it is merely greed and speculation putting the prices up.  there is a meeting going on this weekend in Saudi Arabia this weekend to discuss what can be done.  But sadly we are at the mercy of the rich and they only care about wealth not how many are dying due to their greed.

it makes my blood boil!

Answer 9

it has got to stop somewhere it is the old story what goes up must come down someone somewhere is making a huge profit out of it but sooner or later i think they will come unstuck

Answer 10

oh,god i hope so! we cant cope if they keep rising. they should let cars run on water it has been proven after all. but then they wouldnt be able to rip us off with that one would they?

Answer 11

The only way the cost of oil/petrol will drop is if demand drops.  Demand will only drop if we find an alternative.  It takes millions of years to make more oil, so its not like the level of supply is going to increase.

Some time in the next century we will completely run out, and well before that, the rich will be stock-piling it.  Us average joe Q publics need to find an alternative.  Working from home, cycling, electric cars, that's a few options.

Answer 12

€2 here we come, or maybe €2.50

Answer 13

easy answer is no i cant see how they will in UK 75% of petrol is tax petrol is 119 a liter and deasel is on averidge 126 a liter and is only going to go up