Will gas be cheaper when US starts using its own oil?

Question

since we got oil all over the US like alaska, texas,montana and so on so hopefully it will b cheaper?

Answer 1

Don't depend on it. Although we are producing much our our own oil already, more new oil requires exploring, drilling, extracting, and transporting to refineries. It takes years from the start of drilling until the crude is extracted and refined, and we are running near capacity on existing refineries already, with no new or expanded refineries in sight. There are two factors that will give us cheaper gasoline. First, the speculators, finance gurus, and the value of the dollar have to get back under control, eliminating the non-productive profit-taking. Second, we have to reduce our consumption globally. As long as we are not using more alternative fuels like solar, wind, geothermal, tidal, etc., we will continue to consume the 85 million barrels per day that the world supplies. Even though many people oppose alternative fuels like ethanol, biodiesel, natural gas, etc., there are ways to produce these without depriving our food stocks or damaging our ecology.

Answer 2

It may a little but if there is demand sure as heck there will be prices going up and competition.  Unless more people get off there butt start walking, or ride bikes and use public transportation a lil' more, there always will be demand for gas.  As long as there is demand prices will stay the same or go up depending.

You can also save some money and buy a fuel efficient car.

...Ahhhh! I remember the good days when I use to pay $2 a gal. now is $4.5 (even in a mil. post, overseas!!)

Answer 3

no because they actully have tons of gas stored away right now but they say now tha china has more cars and people driving and so they have to raiz the prices wich is not true

Answer 4

Yep.

Answer 5

Sure darn will be :D

Answer 6

IF they start using their own oil, but who knows. the price we spend on mining it is probably a lot and it's easier to sell to other places that are used to high gas prices, like Europe.

Answer 7

Increasing supply does nothing as long as we keep up the demand.  So we have to decrease the demand too.

Good Luck...