How far do you think oil (gas) prices will fall?

Question

Oil prices seem to have peaked at $145 and are now dropping quite steadily and is now around the $113 mark.

Some analysts such as Lehman Brothers have said they think oil will drop further and George Soros said that rising oil prices was a 'bubble'. So, do you think oil prices will fall and if so, to how low, or do you think they will rise, and if so, to what price?

Answer 1

Probably just far enough--and briefly enough--to get John McCain elected.  $95 by November.

Answer 2

bugger off, only room for 1 dollybird here !  

Answer 3

With the high gas prices these days I'm so glad I found this site that gives you a gift card for gas completely free! Check it out

Answer 4

soon theyll be paying us to buy gas

Answer 5

Who knows, but can I just add that even though the barrell price has fallen the price of petrol at my local garage hasn't.

Answer 6

Tired of Paying High Gas Prices? Then Read This

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

Answer 7

It depends on the demand for gas.  High demand yield high prices.  It may seem the demand for gas is not in high demand domestically but you have to look at it in a global view.

Ex. People in China use to use bicycles as a mean of transportation.  Now as their economy has grown gas powered vechicle has been the mean of transportation.

I would think gas would raise to $6-10 per gallon due to growing economy in other countries.