Will The Price Of Gas Ever Be $ 2.00 Again

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Hardgamer

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#1  Edited By Hardgamer

Do you think we will ever see the Price of Gas at the Pump be $ 2.00 again?

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ASpaceSeaman

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#2  Edited By ASpaceSeaman

@Hardgamer: $2 as in $2.99? Yes. 2 bucks flat is wishful thinking though.

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Fajita_Jim

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#3  Edited By Fajita_Jim

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.

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EpicSteve

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#4  Edited By EpicSteve

From a business perspective, there's no reason to charge that when we live in a society that would be ecstatic about $3.00/gallon.

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ajamafalous

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#5  Edited By ajamafalous
@Fajita_Jim said:
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.
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amomjc

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#6  Edited By amomjc

I honestly would be happy with a consistent $3.00 a gallon gas price.

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crusader8463

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#7  Edited By crusader8463

I hope not. The highest I have ever seen it is $1.40 about 5 years ago. $2.00 would be ridiculous.

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Bribo

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#8  Edited By Bribo

Get off my lawn!

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RsistncE

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#9  Edited By RsistncE
@crusader8463 said:
I hope not. The highest I have ever seen it is $1.40 about 5 years ago. $2.00 would be ridiculous.
lol fellow canadian troll
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hidys

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#10  Edited By hidys

not a fucking chance.

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bacongames

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#11  Edited By bacongames

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.

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BabyChooChoo

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#12  Edited By BabyChooChoo

Nope. If you ever see gas for $2 in America, you're either not in America, dreaming, or dead and in heaven...where you still have to buy gas...and need a car

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RaikohBlade

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#13  Edited By RaikohBlade

It can, if the economy gets a massive improvement and oil companies get all soft in their hearts and want to give back to the people in the form of cheap gas. In other words, no.

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RichMeisterMan

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#14  Edited By RichMeisterMan
@Tuffgong: A lot of countries tax the and fee the hell out of petrol on top of the OPEC price. Also though in a lot of European countries where gas is overly expensive by US standards travel by rail is much more prevalent and so the higher prices encourage the use of rail and if I am not mistaken the high petrol prices actually help pay for rail.  Here in the states though rail travel isn't prevalent. If you are going somewhere it's going to be by car or by plane.
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ryanwho

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#15  Edited By ryanwho

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.

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DystopiaX

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#16  Edited By DystopiaX

No, and in awhile it'll actually become cheaper and just as convienient to use an electric car or something and we'll never have to worry about it.

I hope so anyway.

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defaulttag

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#17  Edited By defaulttag

i remember just in the early 90's, gas was $0.99 per gallon oh so many good times making trips to circus circus in vegas as well as disneyland as a kid.

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masternater27

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#18  Edited By masternater27

When I started driving it was in the $1.70 range. I could see it happening again. After we hit record highs a couple years ago the price dropped back down there in the winter. I'm not optimistic, but it could happen

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subject2change

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#19  Edited By subject2change

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.

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bacongames

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#20  Edited By bacongames

@RichMeisterMan: When looking at international gas prices they mentioned whether there were OPEC subsidies or federal taxes often in service of rail or some other fuel initiative.

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zacagawea

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#21  Edited By zacagawea

Electric cars come quicker/be better then you are now.

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Meltac

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#22  Edited By Meltac
@Tuffgong: Well, here in Denmark the prices range from $7 - $10 per gallon, and they've been like that for quite some time now.
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StaticFalconar

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#23  Edited By StaticFalconar

Sure when eletcric,  diesel, hydrogen and whatever alt fuels I didn't mention is as established as regular gas as well as cheap enough to compete, then just maybe gas prices will go back down. 

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PerryVandell

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#24  Edited By PerryVandell

It really depends on a huge number of factors, but to keep things simple: Probably not anytime soon.

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veektarius

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#25  Edited By veektarius

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.

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Bruce

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#26  Edited By Bruce
@Hardgamer:  
 
I doubt it.
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iam3green

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#27  Edited By iam3green

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.

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scarace360

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#30  Edited By scarace360

Fuck gas

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actionTACO

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#31  Edited By actionTACO

never 

deus ex was right about everything, including this 
deus ex was right about everything, including this 
eat shit, carhavers
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kraznor

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#33  Edited By kraznor

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.

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valrog

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#36  Edited By valrog
Seriously.
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MariachiMacabre

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#37  Edited By MariachiMacabre

@valrog said:

Seriously.

Why? tfsteefs is just making a point. At least it's a contribution to the conversation rather than a .gif expressing anger over the most trivial bullshit possible.

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v

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#38  Edited By v

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.

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Emilio

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#39  Edited By Emilio

Yes, when you and everyone else stop using gasoline engines and remove any demand for gas.

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awadnin

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#40  Edited By awadnin

in saudi araiba u can full car with gas for 8$

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Bollard

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#41  Edited By Bollard
@Tuffgong said:

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.

You think that's bad? This is the current UK price per gallon (assuming I did my maths right): 
 
UK£ 6.17800 = 10.0738468 U.S. dollars
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dagas

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#42  Edited By dagas

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.

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Jimbo

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#43  Edited By Jimbo

It's mega expensive here in the UK. Works out about $10 per gallon, and ~65% of that is tax. Fortunately the entire UK is about half the size of the Bay Area or something.

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MikeinSC

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#44  Edited By MikeinSC
@Hardgamer said:
Do you think we will ever see the Price of Gas at the Pump be $ 2.00 again?
No.
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Aus_azn

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#45  Edited By Aus_azn

Count yourselves lucky that gas is still in the $3-4 range. Go anywhere else in the world and you'll be paying more. Except maybe Saudi Arabia and the UAE, I'd presume.

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TobbRobb

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#46  Edited By TobbRobb

Wait, gas is more expensive in US than Sweden? Wtf?
 
Every day I learn something new.

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snufkinn415

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#47  Edited By snufkinn415
Looks at receipt from last time I filled my car up, makes some calculations on phone... 8.71usd per gallon. One of the rare moments I hate living in Sweden. 

EDIT:
@TobbRobb said:
Wait, gas is more expensive in US than Sweden? Wtf?  Every day I learn something new.
No, you are confusing Litres with Gallons.
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NickBOTT

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#48  Edited By NickBOTT

Nope

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Boiglenoight

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#49  Edited By Boiglenoight

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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WickedCestus

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#50  Edited By WickedCestus

I get so confused when Americans talk about gas because in Canada we use litres, and 3 bucks per litre of gas would be fuckin' nuts.