What will it take to bring the gas prices down?

Question

What will it take to bring the gas prices down?

Answer 1

Stop buying it,will help but the whole world is out there and not everyone see this need where they are so we will just have to learn how to cope.I don't think we will ever see gas under $2 maybe around $3 again.Wishful thinking??

Answer 2

supply vs. demand.

Think beyond the pump.

Reduce reuse recycle plastic. Huh? Plastic? Well what's it made from? Petrol. So asked "paper or plastic?" neither. It's time to BYOBag, reusable cloth etc. That liter of Pepsi? Recycle the bottle or better yet switch to water (or beer hee hee).

Eat organic and local whenever possible. What's that got to do with the price of gas? First what are non-organic, traditional fertilizers and insecticides made from? You guessed it, petroleum products.

Eating local produce means less fuel used to fly your food in from ... wherever, China, Chile, wherever. Unless you happen to live in China, Chile ;-). Eating fresh and local helps your local economy too. Sure sometimes we all want that British Cheddar or Italian prosciutto or ... but try the "100 mile diet" and see how close to local you can go.

If you live in an area that uses home heating oil simple fixes can reduce your energy use.

Answer 3

The last time world-wide fuel cost went down was during a

total breakdown of civil services in one foreign country.  To

understand fully please use Internet and locate a musician

named Randy Newman.  

Listen to his song titled:  POLITICAL SCIENCE.

This will fully address all your concerns.

Answer 4

less traveling and people that arent gready.

Answer 5

More oil in the world pool.  Greater supplies, lower prices.  The most rudimentary precept in economics.

Answer 6

Supply vs. demand..  and to get rid of these stupid speculators.

Answer 7

end the war on irak  and the us  to be friends with venezuela

Answer 8

You are looking at it from the wrong perspective.

The value of a barrel of oil has NOT changed much within the last 10 years or so compared to gold, which has intrinsc value.

What HAS changed recently is the value of our dollar. The value of our dollar has dropped, so we have to pay more of them to get the same amount of gas.

There are several factors that come into play when talking about the falling dollar/higher gas prices. One, the U.S. government has purposely kept the output of the amount of oil from Iraq much lower than it can be. That makes the oil coming out of the U.S. oil companies more in demand, they jack up the price because of its now higher value, and the result is record profits for all the oil companies...we have all seen that in the news.

Also, within the last several years under the current administration, there has been a much higher amount of money printed and put into circulation due to the need to finance the war. It works as so:

The government requests the money, the Federal Reserve loans it to them, the U.S. Treasury prints it up, the government spends it on war stuff, and those people who received it spend it and it ends up in our economy.

Due to the fact that these huge amounts of money are being put into our economy, it deflates the value of the money already out there. If everyone in the U.S. were to suddenly have $10 million instantly materialize in their pockets, do you think that car dealers would still sell a typical new car for $30,000? Heck no! He would jack up that price skyhigh because $30,000 would be a drop in the bucket if everyone had $10 million. So overall, with the added money to the economy, prices go up because more currency into the economy deflates the overall value of the currency. Thats inflation...inflation of the amount of currency in an economy.

Now the taxpayers have to pay that loan back to the Federal Reserve that it loaned to the U.S. to finance the war. The U.S. is farther in debt...its national debt is skyrocketing.

So other countries who hold some type of financial interests in the U.S. and its currency lose faith in a country going farther into debt. So they decide to "Sell! Sell!" and place their financial interests into more stable investments and so forth.

So now you have price gouging at the pump, inflation because of government overspending, huge national debt that causes other financial interests of the world to back off of their U.S. investments, and then you get a snowball effect. The result is that the value of the dollar continues to drop...thus, higher gas prices...and higher prices on everything else...like i said, the snowball effect.

Give the dollar back its value, and you will have lower gas prices.

Answer 9

This is not a solution, but may be helpful to those traveling on business or back and forth from doctors. I am a Realtor and I watch these things all the time. Talk to your accountant to see what kind of breaks you can get.

http://www.irs.gov/newsroom/article/0,,i...