Aug
Will the gas prices ever go back down to where it was before the war?
Posted by admin as Gas Prices
Will the gas prices ever go back down to the way it was before the war? I remember gas was cheaper in 2001 and 2002 than it was in 2000 and I also remember in the summer of 2003 was when we’ve first seen gas prices hit $2 per gallon.
Don’t count on it. Until the federal government imposes restrictions and controls on the oil speculators that artificially raise the price of oil, the gas prices won’t go down. And even if we were to pull out of Iraq today, that wouldn’t solve much – since its the output of the OPEC nations, the demands of the world market, and current events (especially the threat of a war with Iran) that give the speculators the excuse to keep oil futures high.
Politicians would like to convince us that drilling for oil in the waters off Florida and California (and ANWR in Alaska) would help us lower gas prices, but drilling takes research, then the actual construction work, before the wells even begin outputting oil. Therefore we are at least three to four years away from feeling the beneficial effects even if oil drilling began today.
Gas prices only prove that we need to find alternative fuels to use for cars until our society is ready to wean itself off completely – to solar and hydrogen power. We could use oil shale (which is difficult to produce gas) since Wyoming has the world’s largest reserves, or we could start using the new oil shale deposits found in North Dakota, which are also quite sizeable. We could use cleaner burning coal-to-gas processes that would definitely benefit the economies in West Virginia, Virginia, Kentucky, and Pennsylvania, but the process that creates useable gas there releases dangerous carbon fumes that could speed up greenhouse warming. If we could find a safe way to store the methane in underground containers then this process would be our best bet.
But Europe has had high gas prices hovering from $8 to $12 a gallon, and I think unless the government mans up and wants to crack down on speculators (which lobbyists oppose and the Bush administration opposes – due to the financial benefit that high gas prices give them) the gas prices will not go down. In fact, get used to it – they are likely to go up and reach at least $6 a gallon within a year or two here.
nope.
unless we come up with a new fuel =)
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Don’t count on it.
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mabye!
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no
If we can tap into our reserves or start standing up to OPEC more, the gas prices should go down. Also if the situation with Iran starts becoming more relaxed and if McCain isn’t elected president, then we should see reduced prices for a long time. The whole offshore drilling thing would maybe relieve the current prices for 2-3 years, but there are other reserves we haven’t tapped yet.
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no
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Dont think so i think it will level off at 7-7.50 gallon.. just about all over the world pays this much.England is high Ireland is high..Bagdad. is cheap but no money not to many cars
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Never say never. I will. Never.
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Expect the prices to go up until the big oil companies figure out what the highest price can be before peaple quit buying a so much gas.
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Don’t count on it. Until the federal government imposes restrictions and controls on the oil speculators that artificially raise the price of oil, the gas prices won’t go down. And even if we were to pull out of Iraq today, that wouldn’t solve much – since its the output of the OPEC nations, the demands of the world market, and current events (especially the threat of a war with Iran) that give the speculators the excuse to keep oil futures high.
Politicians would like to convince us that drilling for oil in the waters off Florida and California (and ANWR in Alaska) would help us lower gas prices, but drilling takes research, then the actual construction work, before the wells even begin outputting oil. Therefore we are at least three to four years away from feeling the beneficial effects even if oil drilling began today.
Gas prices only prove that we need to find alternative fuels to use for cars until our society is ready to wean itself off completely – to solar and hydrogen power. We could use oil shale (which is difficult to produce gas) since Wyoming has the world’s largest reserves, or we could start using the new oil shale deposits found in North Dakota, which are also quite sizeable. We could use cleaner burning coal-to-gas processes that would definitely benefit the economies in West Virginia, Virginia, Kentucky, and Pennsylvania, but the process that creates useable gas there releases dangerous carbon fumes that could speed up greenhouse warming. If we could find a safe way to store the methane in underground containers then this process would be our best bet.
But Europe has had high gas prices hovering from $8 to $12 a gallon, and I think unless the government mans up and wants to crack down on speculators (which lobbyists oppose and the Bush administration opposes – due to the financial benefit that high gas prices give them) the gas prices will not go down. In fact, get used to it – they are likely to go up and reach at least $6 a gallon within a year or two here.
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NO, NEVER, NOT. You will never see those prices again.
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I don’t caere because I pay
".08 per gallon you can too"
and you can if you search YouTube for that
No Bull
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