Will gas prices keep going up or go down?

Question

I think they will go down. I don't think these high prices are sustainable.

Answer 1

Hopefully they will go down with a new prez... gas prices are ridiculous and it is taking a toll on America.

Answer 2

Gas prices will continue to rise as long as the majority of the oil is coming from OPEC and the people who are selling the oil have companies in  bidding wars to get the most oil in possession.  So OPEC ends up selling it to the highest bidder.  Also we are not the highest use country, it is China if you can believe that.  Basically there is no end in sight for the need for oil so no end in sight for rising prices.

Answer 3

According to reports on CNN, the price of oil is going to go up and we may be seeing $5.00 a gallon soon.  I know we haven't been adding to our reserve, but I think it is too late to even use it now.

Answer 4

Now they know you'll pay it, so why would they lower their prices? I bought 2 cars that run on natural gas (methane), so I don't have to deal with the gasoline problem anymore. Gasoline prices may come down a little as we go into autumn and winter, but I'll bet not much. Just do an end run around the entire issue as I did, and you'll be a lot less stressed!

Answer 5

I dont think fuel prices will ever come down now.....If anything i think they will just go higher.....the Government is used to recieving the large amount of tax from fuel....its not going to like not getting that money if the prices go down!!!!