Do you think gas prices are going to go back down? If so, when?

Question

Do you think gas prices are going to go back down? If so, when?

Answer 1

Not any time soon. Many analysts predict that gas will peak just below $4, then begin to fall around the end of this year. Many think that the economic "bubble" will burst as it did with the housing market.

Answer 2

Gas will not go down unless the supply goes up on the demand goes down.  So we either need to have oil producers produce more oil or have people consume less oil.  Don't think either will happen.  Too bad, right before prices took off, I remember paying .78 cents per gallon in good old Texas!

Answer 3

Probably not in our lifetime. when will it go back to a reasonable price? After WW III, and half the world  population is no longer.

Answer 4

I kind doubt it. Some people say it will but I can't see it happening anytime soon

Answer 5

I doubt it. Oil production is controlled by OPEC and i can't see them increasing production to reduce costs. And the oil market is a "supply and demand" market. Sell to the highest bidder. Any government cud reduce the pump price by lowering fuel tax. But i wudnt hold my breath.

Answer 6

it probaly will when the war is over.

Answer 7

Sadly they never will until  someone can invent a car that runs efficiently on something else other than petrol or deisel.

Answer 8

no it will not. in just quarter Mobil made 2 billion dollars, their just going to keep filling their pockets