When do you think the price of fuel shall go down..?

Question

When do you think the price of fuel shall go down..?

Answer 1

cargo-http://omlogistics.in/

Answer 2

when the economics go down.

Answer 3

Why should it???  People keep buying it and encouraging the oil companies greed......there is no oil shortage either....when is the last time you saw a station that didnt have gas????

Answer 4

next year I think!

Answer 5

Unit price for any commodity is proportional to the demand. We have a high demand for petrolium products right now and a synthetic shortage (created by OPEC, the War, and the economy). Some people speculate we've hit peak oil production (http://en.wikipedia.org/wiki/Peak_oil), other's say that Saudi Arabia is nearly tapped dry (http://moneycentral.msn.com/content/P873...

I don't know if either of those are true, or the other 101 "reasons" that the price of oil keeps rising, but the intent is to create the demand.

There is a huge emphasis on "Going Green" right now.

1. because the environment requires us to.

2. because the price of oil is incredibly inflated.

There's actually a conspiracy that oil companies tie up the patents of great ideas (like hydrogen fuel cells, solar energy, alternative fuel vehicles), because they know that once something great comes along, it's bye bye profit for them.

So, to answer your question, the price of oil will go down when the demand is lowered - which may never happen. Most countries, but North America for sure, are very dependant on oil; too dependent. So dependent, that the US government waged a war on two different countries just to push their hidden mandate of attaining more oil.

If someone invented a car tomorrow that runs on love, would we need oil? So why would the price stay high? It wouldn't.

So, find a way to lower the demand, and you'll have your cheap gas!

Hope that helps!

JRG

Answer 6

Not for a very long time.

Answer 7

There's 2 chances of that happening and one of them's f*ck all. On the news today, it is expected that in Australia (d**n it) unleaded petrol will rise to $8 a litre in 10yrs. For f*ck sake man. Good one Georgie boy for the war in Iraq, you prick!

Answer 8

When h**l freezes over, pigs fly, and cars are history!

Answer 9

The price of oil will fall when people stop trading it on stock markets as a commodity. What happens is that traders buy on the "futures" market. This is a bit like taking a guess at what the price may rise to in the future and buying 6, 12, 18 months in advance at a price that is lower than the predicted future price. Then the oil can be sold in the future at the higher price, the difference between buying and selling price representing a nice profit.

The more people buy on the futures market, the more other people want to buy.

Oil speculators drop a rumour in the media that they could see oil prices hitting $120, $150, $200 per barrell. this then sends the traders in to paroxysms of excitement and they then rush out to "put" more future orders in for oil, which drives the price up and fuels the prediction.