Do you think we will ever see the Price of Gas at the Pump be $ 2.00 again?
When I started driving, it was 79-cents a gallon. My friends and I would throw our pocket change into a cup and go anywhere we wanted. $2 gas again? No, the only way forward is upward. I'm willing to bet in 10 years, $7 gas will look pretty nice.Unfortunately, this.
No. The gas industry is a cartel. Every "crisis" they get gives them no choice but to raise the gas price, and after the crisis is averted, they go down a little bit, but not all the way. Cus now you're used to more expensive gas. So get used to $3.40 being "cheap" and after the next crisis sends prices up to 5 dollars, after the crisis is over get used to $4.40 being cheap.
Cheapest I ever saw gas was in Colorado like 15 years ago as a kid, my parents were joking at the time with gas at these prices we should move here, it may of been 99 cents a gallon or so it was really fucking cheap. I kind of wish they did...would of been sweet being close to the Avalanche!
I think it's at about a steady 4 bucks now in NYC. I fill up every 2-3 weeks however so its not bad, its usually about 40 bucks to fill up like 3/4ths a tank.
In the event of a successful alternative fuel being developed that drives demand for petroleum down, you might see that happen, but only if you're willing to accept 2 inflation-adjusted dollars. By the time such a technology is invented, inflation will have reduced $2 to the price a gumball.
i don't think we will ever see the price of gas go down. when i was 18 i got my first car, it only cost $20.00 to fill my tank, now it's around $28-33 to fill my tank.
it's crazy. back in the day gas was $1.00, you didn't have to worry about not having enough gas to go somewhere, or ask a friend to give you some gas money.
With any luck, in less than a decade petroleum will be a laughable fuel of the past, much like steam and coal before it. So whenever there is a new primary fuel and there is no demand for gas whatsoever, I could see them charging two dollars per gallon or less. Wishful thinking perhaps, but I hope to see it in my lifetime.
No. There's an economics formula that describes why, but basically, it costs x for the gas companies to drill down into the Earth to get the oil. Because they have to drill farther and farther, it costs more and more money to manufacture, so undercutting the price would cut into profits for the gas companies, which they will not do. Also it's a limited resource, so if you had 200 gas (an arbitrary figure), and use up 180 of it, you can charge extra on the 20 gas left because it is more rare/harder to get. Companies will drop prices a little but 2$ a gallon is a pipedream.
You think that's bad? This is the current UK price per gallon (assuming I did my maths right):
Inflation guarantees that over the long term anyway.
No reason to unless the market bottoms out hard on gas and they really need to get customers back. Couldn't imagine that happening any time soon.
Also holy fuck gas is $9.76 a gallon in Turkey.
Demand is increasing (mostly because of China) and supply is decreasing. We'll find more oil, but it will be in such remote places that it will cost a lot to extract so nothing is pushing the price down. Although a more valued US Dollar would lead to cheaper gas in the US, but higher prices everywhere else since everyone trade barrels of oil in US Dollars and as it seems now the US economy isn't vary stable so I don't think the USD will be going anywhere anytime soon.
short version, no.
Wait, gas is more expensive in US than Sweden? Wtf? Every day I learn something new.No, you are confusing Litres with Gallons.
For people outside of the States, while your gas prices may be comparatively higher than the U.S., is it offset at all by public transportation? The U.S. isn't currently designed in a way with mass transit in mind between states. High speed rail may change this, but I don't know the details. As it goes, if you want to get to work and you commute, unless you live in a big city you have to have a car.
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