0
mirage62

Gas to $1.99 a gallon?

Recommended Posts

During the recent hysteria about gas prices I wondered if gas would get back down below $1.99.

I believe many predicted gas would stay above $3.00. Certainly the idea that it would fall below $2.00 would have been mocked by some.

I believe that we will see gas at $1.85 within 8 months. Any takers?

For what it's worth I wish we would keep acting like it was $5.00 a gallon. It's the only way we will keep working to get off being oil dependant.

It's now at $2.04 across the street. But I live in Georgia.
Kevin Keenan is my hero, a double FUP, he does so much with so little

Share this post


Link to post
Share on other sites
I think the gas companies determine their declining price point based on the decibel meter. Punch it up high, wait for the screaming to ensue, then gently lower it down till the decibel level is acceptable. Ever notice that when this happens, it never goes back to the price we had the year before? ;)

Please don't flame me, I'm just making a funny and don't need the "demand-related" class.
Nobody has time to listen; because they're desperately chasing the need of being heard.

Share this post


Link to post
Share on other sites
Quote

It'll go down again. SUV sales are already recovering. Look...something shiny, i'm a consumer with the memory of a goldfish [:/]



Don't bet on SUV sales being linked to gas prices! Look at the UK, we're at $7 per US Gallon ($1.70/litre) and there's no shortage of SUVs being sold.

If someone's dozy enough to buy what amounts to a Barbie-Jeep on steroids, don't expect some sensible consideration like gas prices to deter them!>:(

Mike.

Taking the piss out of the FrenchAmericans since before it was fashionable.

Prenait la pisse hors du FrançaisCanadiens méridionaux puisqu'avant lui à la mode.

Share this post


Link to post
Share on other sites
Yeah, but you guys don't actually have to drive them anywhere. You just get them to show off to neighbors while parked. We actually have to travel some distance between points :P

There actually is a short term direct correlation between gas prices and SUV sales here in the states. However if gas climbed and stayed at a higher price, I'm sure SUV sales would recover to pre-price-climb rates.

Share this post


Link to post
Share on other sites
Quote


I believe that we will see gas at $1.85 within 8 months. Any takers?



Within 8 monthes? Definately.

In 8 monthes? Definately not.

Remember that gas prices are cyclical. Every year they peak in the summer and bottom out in the winter.

Right now, with $2.15ish prices, prices are at about the peak summer prices of 2004. Prices are currently trending down, but they will start trending back up towards springtime, and will peak again in the summer - probably near $3.00/gallon.

Next summers prices will be similar to the prices this summer, before the huricanes. I predict next summer will infact be higher than this summer - before the huricanes.

To answer your question, yes - I think we'll see $1.85 prices in late winter. Those will still be record high prices for that time of year, so we shouldn't celebrate too loudly. Shortly after prices will start to pick back up as the driving season starts up again.

_Am
__

You put the fun in "funnel" - craichead.

Share this post


Link to post
Share on other sites
Quote

moreover, how much of this rapid drop we've seen this month had to do with the Congressional hearings to consider applying a windfalls tax on the industry?



Doubtful. The decline in crude oil prices have been pretty consistent since refinderies started coming back online. The oil and gas industry continues to show signs of a healthy, effective market.

The people I've met in the petroleum industry are not nearly smart enough to get away with the kind of price manipulation that people keep acusing them of.

_Am
__

You put the fun in "funnel" - craichead.

Share this post


Link to post
Share on other sites
Quote

But I live in Georgia.



Quote

THE
GAS
GAP
US Highest Price: Pukalani, HI
US Average:
US Lowest Price: Evans, GA



Information found at http://www.gaspricewatch.com Thanks Gravitymaster ;)


Aren't you glad you don't live in HI?
May your trails be crooked, winding, lonesome, dangerous, leading to the most amazing view. May your mountains rise into and above the clouds. - Edward Abbey

Share this post


Link to post
Share on other sites
Oh don't get me wrong, I'd move and live in HI just for the experience no matter the cost of the fuel.

I'd get me one of those mopeds:)
May your trails be crooked, winding, lonesome, dangerous, leading to the most amazing view. May your mountains rise into and above the clouds. - Edward Abbey

Share this post


Link to post
Share on other sites
Quote

Quote

I'd get me one of those mopeds



with a basket on the front for your dogs to sit in?



I'll get you my pretty!

I'd just have to make sure I stay away from the water, wouldn't want to melt:ph34r:
May your trails be crooked, winding, lonesome, dangerous, leading to the most amazing view. May your mountains rise into and above the clouds. - Edward Abbey

Share this post


Link to post
Share on other sites
Quote

The people I've met in the petroleum industry are not nearly smart enough to get away with the kind of price manipulation that people keep acusing them of.



Those of us living in California know better. It's pretty easy to manipulate with the consolidation of late.

Crude oil prices haven't dropped that much, either.

Share this post


Link to post
Share on other sites
For what it's worth gas just hit $1.99 here. Yes it will go back up, but is this the free market working or did all that "bad press" scare the evil people into lowering the price of gas :P

What will be the next big problem to hit us? The expensive gas problem seems to be old news.
Kevin Keenan is my hero, a double FUP, he does so much with so little

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

0