When will petrol prices stop rising?

Question

there must be a ceiling?

Answer 1

There are two answers to this. The short-term and the long term. There is only ONE long-term answer but two short-term..

Short-term:

Fuel prices can go either way as the Oil companies and their suppliers continue to raise the prices. The price can skyrocket suddenly as the  amount we have becomes thinner and thinner. Until finally the price stops dead and leads into the long-term answer below...

The other short-term would be that prices become so unstable that Oil companies and governments lift the bans of local drilling and begin sucking oil from the home-land in order to lower the petrolium prices and stabalize that part of the market before it bottoms out.

The long term answer, that will most likely eventually happen is the Oil industry bottoming out. What I mean by this, is that as the prices go up. There will be a point where people, and a majority of the economy (such as the airlines, transportation industry, shipping industry, etc) stop buying fuel and end up going out of business themselves, or their consumption of the fuel drops considerably from a majority of the related businesses dropping like a stone from fuel prices.

When this happens, the Oil companies will buckle and with the surge of oil they're producing/buying now, the prices will have nowhere to go but down in order for the Oil company and those selling the crude mixture to survive.

It's all a matter of how long we can wait really.

EVENTUALLY prices will go down, despite it not looking that way. The economy of the world can only handle so much weight and the fuel monster is just getting heavier and heavier.

THAT or the oil industries pretty much bankrupt when they reach a point no one can really or willingly afford and switch to a different variety of fuel.

Answer 2

after the election if obama wins you going to see a massive selloff.

Answer 3

When pigs fly

Answer 4

Why would there be a ceiling?

Prices of everything go up, in time.

In the 60s, a car could be bought for $2000.

In the early 20th century, they were $500.

Now, they're an average of $18,000 or so.

Everyone complains about an extra dollar or so per gallon, but no one minds an extra $10-15,000 for a car? Odd.

But ultimately, like I said, prices go up. That's just how it goes.