Will gas prices ever go down?

Question

Will gas prices ever go down?

Answer 1

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 futile. 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?

More refineries (and upgrading of the existing ones) would help, but do you want one in your back yard? I didn't think so!

Answer 2

As long as we're dependent on foreign oil prices will continue to go up at every hint of a drop of production. Drill domestically and build refineries then prices should eventually go down due to a more stable supply.

Answer 3

Probably, when loads of people stop buying it, it will.

But we can't, because we need it to run our cars on.

Answer 4

i hope so.  there have been many attempts to do a "gas strike" for one day to force them to lower prices, but people here in CA just dont listen!

Answer 5

Gas prices going down?, unlikely....

There are many factors affecting the price of oil

One of the main reasons for high gas prices, is the weak

performance / value of the U.S dollar.

You can thank G.W. Bush for that....

Answer 6

Unlikely, not unless someone stumbles upon a really big oil mine. It's only going to keep getting rarer and therefore more expensive

Answer 7

Theres nothing "Rare" about oil.

Theres still deposits out there bigger then all the oil we've drilled thus far.

and heres a shocker, We import most of our oil from Canada, Not the middle-east.

Answer 8

The increase in price will not be as fast this upcoming year:

Price of barrel in May 2007 = $63

Price of barrel in May 2008 = $130

Expected price of barrel in May 2009 = $143

Answer 9

Yes, but we have to get George Bush out of office first. : )

Answer 10

Yes...when we get someone back into the White House that actually Cares about America once again...January 20th of next year...OURS is a great Country and things will turn around...Obama 08

Answer 11

probably. gas prices have been going up and down since the war.. so i'm guessing once it stops gas prices will go down some. hopefully.