Will gas prices ever go up to $10 a gallon?

Question

I was told that the oil companies aren't making enough to fully satisfy the supply and demand market. In order for the oil companies to fully satisfiy this market, the gas prices need to be around $10 to $15 a gallon. Is it possible that the gas prices might go to that amount?

Answer 1

They could raise it that high but it would kill the world economy

Answer 2

I highly doubt it, much of the economy is made up of lower and middle class.  It would kill the economy in a big way.  But hey, you never know, maybe years from now.

Answer 3

Yes, they could go that high and much higher! It could go as high as 20 a gallon! It will go as high as the market will bear! This is merely the beginning of the end!

Answer 4

it depends on where you choose to live in Bosnia it is already close to 11 dollars.  in many European nations it is well over 8 dollars a gallon. So paying 4 or so a gallon here in the USA is a bargain

Answer 5

http://www.factcheck.org/askfactcheck/do...

Existing refineries have been running at or near full capacity since the mid-1990s, but are failing to meet daily consumption demands. Yet there hasn't been a new refinery built in the U.S. since 1976..."

Answer 6

Someday, yes. Check this out.

Comments Made in the Year 1955!

That's only 53 years ago!

I'll tell you one thing, if things keep going the way they are, it's going to be impossible to buy a week's groceries for $20.00.

Have you seen the new cars coming out next year? It won't be long before $2,000.00 will only buy a used one.

If cigarettes keep going up in price, I'm going to quit. A quarter a pack is ridiculous.

Did you hear the post office is thinking about charging a dime just to mail a letter?

If they raise the minimum wage to $1.00, nobody will be able to hire outside help at the store.

When I first started driving, who would have thought gas would someday cost 29 cents a gallon. Guess we'd be better off leaving the car in the garage.

Did you see where some baseball player just signed a contract for $75,000 a year just to play ball? It wouldn't surprise me if someday they'll be making more than the President.

It's too bad things are so tough nowadays. I see where a few married women are having to work to make ends meet.

It won't be long before young couples are going to have to hire someone towatch their kids so they can both work.



I'm afraid the Volkswagen car is going to open the door to a whole lot of foreign business.

Thank goodness I won't live to see the day when the Government takes half  our income in taxes. I sometimes wonder if we are electing the best people to congress.

There is no sense going to Lincoln or Omaha anymore for a weekend, it costs nearly $15.00 a night to stay in a hotel.

No one can afford to be sick anymore, at $35.00 a day in the hospital it's too rich for my blood.

If they think I'll pay 50 cents for a hair cut, forget it.

Answer 7

if the gas ever reaches that crime would reach so high that the government would have to get involve. If the government don't get involved I would say a revolution would take place.

Answer 8

Hmmmm....$10. a gallon? Never say never....however if it did?.  

How long would a 1 hour commute on major highway take by horse????  I think I would have to leave my GOOD job and find work closer to home....Goodbye job...hello McD's....

Answer 9

But I do know by the 4th of July they will hit the 5.00 range