Whats the higgest GAS Price per Gallon you think is gonna be in the future?

Question

We are almost paying $4gl, would a dollar more make it drastically impossible to live or will it just hurt our budgets. I just want to know the True reality (Spectation), or would it be like worst, like $10 a gal? Whats your reality prediction?

Answer 1

21 bucks per gallon

Answer 2

I don't think it'll go much past $5:  OPEC now is realizing they may have made a HUGE mistake price gouging the world---one that's angrily edging closer to them as a cartel now; which explains why they're cranking out the barrels now.

Not one to raise false hopes here---but word is good out there that the SEC will take hard looks at American Big Oil and OPEC and the price MAY go DOWN.  The SEC is working w/ FBI and Interpol to hunt down those market "speculators" they really want to "interview" and likely press criminal charges on; I think arrests are forthcoming.

Even then: unless every working American gets a four-fold pay raise---the U.S. economy is in REAL trouble when the $5 per gallon target is reached.  

The only measures then that would have no recourse but to take place would be for Congress to pass laws forcing credit card companies and mortgage lenders to bite bitterly hard and accept whatever payment their customers can make.

And corporate services will have no recourse but to size down their prices----which will force them to size down their business structure.  Hence---a serious RECESSION.

As much as American Big Oil and their fellow car manufacturers would like to monopolize on this---they too will have to bite a hard one and focus work on alternate fuel refining, synthetic oils and auto construction that will be independent of petro gasoline.

Answer 3

12

Answer 4

I think the reality is that no matter how hard we try or how many holes we drill gas is going to just keep going up.  It's not a renewable source of energy.  I think we'll see gas become cost prohibitive for just about everyone in the next 20 years at least.

It's hard to say what the threshold would be - the point at which it's sooo expensive 99% of folks either abandon it altogether for an alternative - or drastically change their lifestyle and commuting options.

For me - it was $2!!!  I ride a bike to work.  At $4 when we do drive we combine trips, drive "Zen-like" and do everything we can to help our "kid wagon" sip the gas efficiently.

I think already a lot of folks are looking for alternatives.  I think $10 a gallon would get most of us riding public trans, demanding infrastructure for bicycles, buying motor scooters, moving closer to work, etc.

I don't think there's an end to how high it can go... $100 gallon just doesn't seem far fetched anymore.

Answer 5

Depending on the station, it's about $4.45 her for stations that take credit cards, and about $4.25 for stations that don't.

I think $5 per gallon is the magic number.  If it hits that, I think people will really cut back in whatever way available to them, be it public transportation, car pooling, bicycling, or biting the bullet and buying a small car and just parking the Ford Expedition for occassions when it's needed.

When that happens, you'll see a big drop in demand.  My guess is 10%.  That will stop gas price increases dead in it's tracks.

Answer 6

I guess it will go $6Gal if it goes above that govt is in trouble

but these days everything is possible.

Answer 7

its 6 in tx.

were i live its only 4..

But i think it will only hit to about 10 a gal