Will gas prices ever get down?

Question

Where I live the gas it $3.98 and It's killing me. Will they ever go back to normal, and is there anything that we,the people, can do to help?

Answer 1

well, i heard on the news that in 2020 that gas prices might be 20 bucks a gallon, but thats just the news, you never know if its true. so idk.. it all depends

x

Answer 2

YES, WHEN THERE IS MORE SUPPLY AND LESS DEMAND.

Answer 3

You all do realize that this whole "supply v. demand" thing is just a psychological f%^&-job, right? Bankers have learned a lot about feeding on public panic and actually get off a little on the smell of urine. I once saw a banker dragging a dead baby Harp Seal by it's distended bowel into a p**n theater; and they did give him a free bag of popcorn, so I guess he was right all along... you really are complacent, consumerist batteries. Hugs and kisses. Incidentally, we could've been off fossil fuels an hundred years back, dipsticks!

Answer 4

Gas prices will go down when it has reached a price so high that alternative technology is developed to make it unnecessary. Then it will become cheap again, but no one will care, because they won't need it. That time is a long way off, but it better not be too long, or there will be economic chaos and probably war over the remaining reserves.

The calls for more drilling and exploration are futile. Yes, we will need that oil for the short term, but it won't be enough to lower gas prices as long as it doesn't make up for the 26% of our annual 140 billion gallon thirst for fuel that is now satisfied by Middle Eastern oil. They'll just charge the same for the gas made from it.

As for price controls, they would only result in shortages and a black market. Think about it. If you had something that everybody wanted, and you could get more for it outside the US, what would you do? Sell it in the US at an enforced discount, or export it where you could get market value?

More refineries (and upgrading of the existing ones) would help, but do you want one in your back yard? I didn't think so!

Answer 5

honestly, I doubt it, It may someday but everyone it making way to much money on it

Answer 6

they will never go down and you are gonna have to learn to live with it!!  Americans have had the luxury ( not the right) of cheap fuel for years and now the rest of the world would like their share so get used to it.....I think it will be 6.5-8 a gallon by fall

Answer 7

I remember when it was less than $0.489 a gallon it seemed high then. I figured if it ever got to $1 a gallon nobody would be able to afford it! In the late 70's during the oil embargo they were rationing the gas you could only buy every other day.  What we learned about conserving fuel ,...carpooling driving smaller cars etc,. didn't last long. The big SUVs came along after we 'learned' our lesson