When are the gas prices going down?

Question

Gas prices need to go down.. When do you all think gas is going to go down...???

Answer 1

When oil production is increased.  OPEC is considering raising production and the Saudis already have.

Answer 2

When people stop buying it. Really, gas prices remain high because of constant/increasing demand. If demand for gas fell drastically though, price would go down. But the "scarcity" of oil added with such a high demand of it, leads to gas prices staying high and going up even higher.

Answer 3

never under $4

Answer 4

I don't think it ever will. It keeps going up . That's pretty much what people spend all their money on.

Answer 5

Fossil fuels will never be nearly as cheap as they use to be. Over time, supply will continue to decrease and demand will continue to rise. As sad as it is, we the people will be screwed.

I think everyone should research the new technology being mass produced in India fuelled by air. That isn't a joke people, research it on Youtube. This could be a God send if we can get it here in North America.

Search "The Air Car"

Do it people!

Answer 6

lol never!

Answer 7

Definitely they will go below $3 on February 31st.

Answer 8

Most likely not soon, atleast not until this whole iraq war is through.

But I believe never. =[

Answer 9

Probably never,they will probably go way up,so enjoy your 4 dollar a gallon a gas while it lasts.

Answer 10

Don't get ur hopes up at all. I don't think their gonna go down anytime soon. I know what u mean but I guess we have to suck it up and deal with it. We just need to cut down on driving and maybe the gas will go down but I don't see it goin down anytime soon. But for me I can't take any other transportation since I live in the country so I have to drive every where I go.

Answer 11

As long as we as a nation continue to drive cars burning gasoline our country will continue to go to war for oil control.

sorry, I don't like it either

Answer 12

It's impossible to pinpoint an exact date, but the only way is through the principal of supply and demand.

Let's say a business has a low supply of a product, in this case gas. If they have a low supply, that means that the demand is going to be high because there is such a limited supply of that product. In this case, they would jack up the price to take advantage of all the consumers and get as much money as possible.

Let's say a business has a high supply of a product. If they have a high supply, that means not many people are buying it, so they must lower the prices if they want to attract customers because hey, who wants to buy something that is very common but expensive?

So in essence, when they find A LOT of gasoline, the supply will be high, and the demand will be less prevalent since there is so much of it. Only then will gas prices be lower, but the chance of this is very slim, seeing as we only have a brief period of time before gasoline becomes completely extinct.

Answer 13

I doubt they ever will.

I don't know of anything that has gone down in price... long term. Do you know of anything that has? Cars will never be as cheap as they were in Henry Ford's time. Furniture, homes, groceries-- same thing.

Until inflation is stopped and reversed... oh, and Uncle Sam gets his grubby paws outa the economy (cut taxes, permanently!!), and the oil monopoly is broken up (ok, so it's like 4 or 5 companies, but that's not enough to create a truly free market), oil and oil-based products will keep rising in cost.