Does anyone think its possible for gas prices to decrease anytime soon?

Question

Just wondering your thoughts

Answer 1

In the US, gasoline is seasonal.  In the fall, it''ll drop some.  But not below $3, maybe ever.  You should plan as if it'll stay high.

Answer 2

Yes. The prices will decrease soon. My dad is an engineer and works for the oil and gas companies. According to his hypothesises a lot new places with oil are being discovered and therefore prices will lower. And that's not all. Yesterday in Social Studies class, we saw a news clip about how companies phoned each other to decide on a settled price. A few companies and people have been arrested and some are already starting to drop their prices.

Answer 3

not really ,,in 2005 world uses/pumped 85 million bbls a day   in 2008 85 million bbls a day....thats with china/india going fron a few hundred thousand cars to a few hundred million!

Answer 4

any drop in price will just be met by more demand. prices could go lower some, for a bit,  but most likely will keep rising over time.

Answer 5

a few days ago, the price per barrel dropped $4 or so. we might see a slight decrese over the next week or two, but who knows after that.