Do you think Gas will go to $7 dollars a gallon??

Question

They are saying gas will be $4 a gallon by memorial day..and it will be..They are saying it will be $5 a gallon by labor day..is it a stretch to say by next year at this time it won't be $7a gallon? And since nothing is on the horizon to change anything, any time soon,, how can there be ANY ceiling to the price the oil companies want to charge ??

Answer 1

Probably, if your that concerned though, you should buy a diesel car and start recycling vegetable oil from restaurants. IT'S FREE!

Answer 2

I certainly hope not! On the CBS Evening news they said the price is going up at a rate of .01 cent/gallon every other day.  Perhaps it is time for us to get serious about alternative fuel sources? Hello, Washington????

Answer 3

I think there will be some sort of uproar before it ever gets to that point.  Or at least, I hope so.  Perhaps a new President will help...

Answer 4

I have a perfect solution for all this economics advice,

from professor Paul Zane Pilser.

You have to concern about the future because we have to spend the rest of our life with it.

Joseph,  my e-mail :  [e-mail]

Answer 5

my guess is $5 by December,  $6.00 by mid 2009 and $7 before the end of 2009

Unless we start drilling in Alaska and California dn developing our shale oil.  And start to build 50 nuc plants.

If Obama gets elected look for $10 per gallon by 2011

OPEC sets the price,  not Exxon or the oil companies.

Answer 6

Get a Bike  Quit  using gas..Get Candles  quit  using  electricity..Need to send these  Multi-billionaires a message...Get a  generator on the bike to  power  your computer..Pedal and  e-mail in the same breath

Answer 7

eventually

Answer 8

Gas is Already over $8 a gallon in the UK and much of Europe.  That makes $4 a bargin in the US.  Your whinning just points to your ignorance of global markets.  Gas is a world wide commodity priced at what the market will bear - it has nothing to do with the oil companies "setting prices" it has to do with demand.  Royal Dutch Shell is a European company and you don't hear the Dutch calling for the end of Shell because they realize that they (the Dutch) don't set the price.  I think what you should be very upset about are commodities under our control.  Take corn - it has doubled in price because of government policies that create a market for biofuels.  It is arguably stupid that we now create a market to compete to fill our cars with alcohol and our fill our mouths w/ food. Ending the idiotic corn / ethanol program will immediately reduce our food prices!

Answer 9

I think that it's possible.

Answer 10

thank you mad gas man.  i was wondering about the price over there in euorpe.  my question is what is it a liter over there for gas.  personally to answer the above question i have heard that it will go up to 10.00 a gallon here in the usa by 2010.  the only thing that will save us here in indianapolis indiana is if we get some light rail going for accross town trips and have better bus schedules.  i can only ride the bus 3 days out of my 5 day work week becouse the sat, bus arrives too late for work on my 2nd connection and on my 2nd connection there is no sunday and holiday schedule.  i really cant change my job becouse of the benifits and the basic fact that i am making a little over 23.00 an hour.  cant really move becouse my home is cheep and paid in full.  plus selling it right now i would loose money.  my child only has a few years left of high school.  so it sucks.  at these prices i dont even want to mow my grass.  oil companies arnt going to change we need to change and get some light rail for larger citys and some good bus routes like over there in stuttgart germany