Will The Price Of Gas Ever Be $ 2.00 Again

No.

No.

And the single biggest reason which so few have addressed in this thread, or are even willing to address in the US, is THE US DOLLAR IS SHIT.

The debasement through printing of the dollar reduces its value. This has adverse effects not just in the US but everywhere in the world, because oil is tied to and priced in US dollars. 

Oil price has little to do with peak oil, or increased consumers (there is plenty of oil out there). It has everything to do with the soon to be dead US Dollar. When the US dollar declines in value and therefore oil rises in price, other nations need more US dollars to buy a barrel of oil. The shitty economic policies of the US govt has adverse effects on 3rd World economies who can't afford to buy more US dollars to buy more oil.

There's a solution to this, stop pricing oil in terms of dollars and use a wide ranging basket of currencies. The problem being the US govt would loathe to do this because the dollar then dies a very quick death because of lack of reserve currency status. Excess dollars in the international system, now no longer needed to purchase oil with would come flooding back into the US economy and you would have hyper-zimbabwean-inflation in less than 24 hours. Reserve currency status means more foreign nations are willing to hold onto excess printed dollars outside of the US economy, which would otherwise cause direct inflation at home. When you lose the reserve currency status aka petro-dollar status, you can no longer print without care in the short term.

Oil is expensive kids, because of the destructive economic policies of the US govt, its printing presses which pay for expensive wars and expensive domestic entitlements and bailouts of failed institutions. Just Say No. Don't believe government propaganda regarding peak oil myth or the difficulty in procuring oil from the Middle East, incidentally only a mere 5 million barrels out of a daily imported 14 million comes from the ME. 

P.S. It's also the same with domestic goods as well, which is why price of domestic food is rising (even though most of it is produced within the US), why education costs rise, why your taxes are rising. It's all to do with the Dollar.

In our life time, probably not, but in 100-200 years maybe.

No. People have grown accustomed to paying the current prices for gas, so there's no reason to ever lower prices again. Its not like people aren't buying gas or something.

No.

And the single biggest reason which so few have addressed in this thread, or are even willing to address in the US, is THE US DOLLAR IS SHIT.

The debasement through printing of the dollar reduces its value. This has adverse effects not just in the US but everywhere in the world, because oil is tied to and priced in US dollars. 

Oil price has little to do with peak oil, or increased consumers (there is plenty of oil out there). It has everything to do with the soon to be dead US Dollar. When the US dollar declines in value and therefore oil rises in price, other nations need more US dollars to buy a barrel of oil. The shitty economic policies of the US govt has adverse effects on 3rd World economies who can't afford to buy more US dollars to buy more oil.

There's a solution to this, stop pricing oil in terms of dollars and use a wide ranging basket of currencies. The problem being the US govt would loathe to do this because the dollar then dies a very quick death because of lack of reserve currency status. Excess dollars in the international system, now no longer needed to purchase oil with would come flooding back into the US economy and you would have hyper-zimbabwean-inflation in less than 24 hours. Reserve currency status means more foreign nations are willing to hold onto excess printed dollars outside of the US economy, which would otherwise cause direct inflation at home. When you lose the reserve currency status aka petro-dollar status, you can no longer print without care in the short term.

Oil is expensive kids, because of the destructive economic policies of the US govt, its printing presses which pay for expensive wars and expensive domestic entitlements and bailouts of failed institutions. Just Say No. Don't believe government propaganda regarding peak oil myth or the difficulty in procuring oil from the Middle East, incidentally only a mere 5 million barrels out of a daily imported 14 million comes from the ME. 

P.S. It's also the same with domestic goods as well, which is why price of domestic food is rising (even though most of it is produced within the US), why education costs rise, why your taxes are rising. It's all to do with the Dollar.

Everything in the world is America's fault, part 34. Let's not put the onus on oil rich countries being run by warlords or even acknowledge India and China. Its all America.

Everything economically wrong in the world is tied directly to the US dollar in some form, especially with oil, because it is the Reserve Currency of the world, which is the US government and specifically the Federal Reserves fault.

No one mentioned "Americans" here.

And ME countries have always been run by dictators for the last hundred years, you know when oil was much cheaper. India barely consumes 2 million barrels a day imported, it's a small time player and China's consumption has been steady but not dramatically increasing.

Ask yourself, if oil was expensive merely because of those pesky foreigners why are domestic goods rising in price?? Why is domestic inflation slowly taking off in domestic food? Has there suddenly been a massive increase in domestic eaters? Have Americans got fatter over the past 3 years?

It's INFLATION DUMBASS. And it's the governments fault. Tell the government to stop printing the dollar till it's worth shit.

Nope. Savor the fact that you'll be able to tell your wide-eyed grandkids that back in your day, gas was 2 dollars a gallon! 

Summer of 2008. Gas peaked at $4.60 here and then kept dropping until it was just under $2.00 that winter. I'm hoping that it happens again.

@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

troll

$2.22 a litre in Britain, so times that by 3.78 for conversion to US gallons = $8.40.  For an Imperial gallon it would be $10.10.  We are getting bummed in the gob summat hard.

Hah, suckers.

I've been stockpiling barrels of gas in my backyard shed since the 90s. It was such an obvious, foolproof investment.