Do you think gas prices will keep going down?

Question

They've gone down at least 30 cents where I am compared to a few weeks ago.

Answer 1

I hope so. If it does Bush is finally doing something good.

Answer 2

I'm not sure.  Oil is a very unpredictable resource..and its prices can change quickly.  However, recent news has been very good.  I'm very happy with how oil has been doing in recent weeks.  Its gone down quite a bit.  I believe, from what I remember, it went down from $147-$124.  That's a very nice drop.  And it may sure stay that way- esp because demand has dropped and prices from what I hear are supposed to stay low for now.  I just hope- and this is a lingering fear- that it won't trigger more demand thanks to this new lull..but I don't think it will.

I don't think its helpful to drill for oil in the Gulf.  I don't think it would work.  However, I respectfully disagree with those who are supporting it and I can see why they would want to drill.  Many have said it would lower prices and with them being so high, I don't blame anyone for wanting us to drill there.  The huge dependence on foreign oil and how we've been harmed by high oil prices (while they don't suffer from that) is very hard to stand.  However, I cannot bring myself to support offshore drilling.  It simply won't provide us the solution we need.  We will not have enough oil for a while.  In fact, it would not give us a big enough amount of oil for our country- that would negate foreign oil's power till a long time from now. 2030 to be specific.  Where am I getting my numbers?  I'm receiving it from the White House Energy and Information Administration.  This is not a biased report- its from the White House (yes the Conservative White House, and the report is pretty much in agreement with some on the left who are not too happy with drilling).  So we should not drill for oil in our country.  Instead we should invest in alternate energy- oil is a bad source of energy and..yeah alternate energy may take a while too however its innovative, renewable, cleaner, could produce more jobs in this country, and in my opinion, is the next form of energy for our Earth.

Answer 3

I think it will for a while but go right back up again. I live in Miami, Florida and it did go down, it's now $4.00 and that unleaded.

Answer 4

well we are in a reccesion so that means people are driving less , making gas less expensive.

Answer 5

It would be nice if they do continue to fall.  However, I believe that the prices that we are seeing now are going to be the median.  Drilling in new locations will help, but it will be a few years before we would see any dramatic change.  The prices have fallen where I am from 30 to 40 cents. Let's hope that it continues.

Answer 6

I think it will stay down and keep going down as the summer is starting to come down to an end soon, kids are going back to school, etc. Then comes the fall and cold months of winter which is the slowest and I bet will be when it's the cheapest (God knows how low)...it will be interesting to see where the US gas prices is at next summer with the new President!

Answer 7

They will plummet if that freaking idiot Nancy Pelosi will open up the drilling issue and let the sensible people vote on it. Even a lot of the Democrats are seeing the plus side of drilling our own oil instead of buying it from terrorists.

Answer 8

It is just a teasor. When I was 18 the gas price went from fifty cents a gallon and doubled to a dollar. Gas was 30-50 cents a gallon for a decade before the increase. Then the Middle Eastern countries cut us off, and we had to wait in mile-long lines just to get gas.

Eight years ago I paid $1.19 a gallon. It never went back down to fifty cents. What makes me think it will get back down now?

Tired of Paying High Gas Prices? Then Read This

http://www.associatedcontent.com/article...

Answer 9

I personally doubt we will ever again see gas get below $3.00 a gallon, and I suspect we'll see it hit $5.00 a gallon by next summer.  The price dip we've seen recently is a result of fluctuation of oil on the commodities market; it has nothing to do with basic supply and demand.  

The current upward trend of gas prices is being "fueled" by rapid economic growth in poor countries.  The percentage of Chinese households that own cars has been climbing at an enormous rate.  Same story in India.  South America.  Southeast Asia.  Supply can't keep up with demand, so there you go.

We should ABSOLUTELY drill for oil in the gulf, but anybody who thinks doing so is the perfect cure for our energy woes is painfully naive.