When will gas prices ever go down?

Question

When will gas prices ever go down?

Answer 1

There is no way gas prices will be lower than they are right now, and anyone who say so needs to research peak oil, world oil reserves, and emerging economies in China and India.

Answer 2

After election when McCain wins. If by some weird chance the Dems win - the price will go up.

Answer 3

The fall of 2011

when President Obama's economic plan starts taking effect with price controls on everything

Answer 4

maybe when the war is over and they stop using it

Answer 5

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 useless.  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?

I agree that more refineries (and upgrading of the existing ones) are necessary, but do you want one in your back yard?  I didn't think so!

Answer 6

When you start conserving, it'll go down.

Answer 7

think

Answer 8

They won't go down until we start drilling for our own oil in the US and building refineries. The liberals in Congress killed the bill that would have permitted drilling this past week. As long as we depend on foreign oil we are going to pay high prices.

Answer 9

Never. Get used to it.