are gas prices going to come back down?

[Lifer]

i'm not asking when, just if...

 

[Lifer]

i guess not

 

[StageLeft]

Hard to say. The summer season typically sees higher prices, but with OPEC pretty much exporting at full tilt and US refineries doing the same, plus countries like china and india sucking up more than before (I think China's imports went up something like 30% last year?), it's possible that prices will stay at this for good, give or take (until they go up again, as things always do).

 

[Rudee]

From what I heard on MSNBC today, expect the price of fuel to get higher before it gets any lower

 

[conjur]

maybe after summer....or if we magically pull some new refineries out of our collective asses.

 

[iamwiz82]

Fuel prices fell about 15 cents in Michigan this past week. The gas station I pass everyday is down to $1.98, down from $2.13 on Monday. I have no idea why it fell so quickly.

 

[ElFenix]

no, never

 

[StageLeft]

Originally posted by: iamwiz82
Fuel prices fell about 15 cents in Michigan this past week. The gas station I pass everyday is down to $1.98, down from $2.13 on Monday. I have no idea why it fell so quickly.

Me neither. They went up in birmingham a good bit I can still buy premium for $1.99, but most places it's $2.1x

 

[GhettoFob]

I hope so.

 

[coolred]

I would think they would have to. Definately not to what they were. Every time gas prices rise this high, when they finally come back down, they are still overpriced compared to vefore they started to rise. I remember back when you could get a gallon of regular for .99 cents. And I am only 23, so I haven't been driving that long. Heck now its more then double that.

I just don't get OPEC, I mean sure they are probably making more money limiting supply, sicnethey can charge outrageous prices(yeah I know this isn't all OPEC's fault)but they are just pushing people to really start paying attention to hybrids and alternative fuels.

 

[PCMarine]

When fall rolls around, and the US's political troubles settle down a bit, gas prices will probably decrease from their summer highs.

 

[MovingTarget]

I don't think so. I hate to say it though. With our ever increasing demand without a substantial boost in refining/drilling capability, then we are pretty much stuck. Most of it is probably politics, but I couild really care less if it is or not as long as I am paying out the arse to fill up my tank. Gasoline should never be above $1.50/gal. Anywhere. Period.

 

[Dedpuhl]

Baton Rouge and the surrounding areas are about to get reformulated gas (stupid EPA). We get to pay 20 cents more per gallon than the rest of the state. :|

 

[conjur]

Originally posted by: coolred
I would think they would have to. Definately not to what they were. Every time gas prices rise this high, when they finally come back down, they are still overpriced compared to vefore they started to rise. I remember back when you could get a gallon of regular for .99 cents. And I am only 23, so I haven't been driving that long. Heck now its more then double that.

I just don't get OPEC, I mean sure they are probably making more money limiting supply, sicnethey can charge outrageous prices(yeah I know this isn't all OPEC's fault)but they are just pushing people to really start paying attention to hybrids and alternative fuels.

The supply of crude is NOT the problem.

The shortage of refinery capacity is the problem. Couple that with "boutique" fuels in certain parts of the country (such as New England) and you end up with higher costs.

Add in the overabundance of trucks and SUVs that get horrendous gas mileage and you have a greater quantity demanded of a finite supply of gasoline. The result is higher gas prices.

Also, we're looking at probably a good $9-10 increase in the price of crude due to the security threat on oil in the Middle East.

 

[Shawn]

god, i hope so.

 

[waggy]

hope so! tired of paying $2.05 per gallon.

 

[zCypher]

I doubt it. When have they ever decreased? I remember gas being 40-50 cents per liter. Now its between 95 cents and 1 dollar per litre. It consistently increased over the years as it always does, and always will. The supply will steadily decrease, and as it does... prices will continue to rise. What do you expect?

 

[FuZoR]

hmm 2.35 few days ago... 2.45 today...

not looking to bright

 

[lobadobadingdong]

doubtfull, it will likely go up until sept. then back down near the current prices toward the end of the year.

 

[Atrail]

I noticed big 2.9% interest rate signs on top of the H2s at the Hummer dealership. Made me laugh...

 

[Swag1138]

When I started driving, gas was .99 a galon for premium.

Now its 2.14

I doubt its gonna go down to where it was, its just been getting higher and higher since I started driving.

 

[conjur]

Originally posted by: Swag1138
When I started driving, gas was .99 a galon for premium.

Now its 2.14

I doubt its gonna go down to where it was, its just been getting higher and higher since I started driving.

How much has your salary gone up? What about rent?

Gas prices aren't a big portion of our budgets (unless you commute 100 miles each way )

 

[Ausm]

Originally posted by: iamwiz82
Fuel prices fell about 15 cents in Michigan this past week. The gas station I pass everyday is down to $1.98, down from $2.13 on Monday. I have no idea why it fell so quickly.

Must be nice!


Sysadmin

 

[Yzzim]

Originally posted by: Sysadmin

Originally posted by: iamwiz82
Fuel prices fell about 15 cents in Michigan this past week. The gas station I pass everyday is down to $1.98, down from $2.13 on Monday. I have no idea why it fell so quickly.

Must be nice!


Sysadmin

Prices fell 15 cents here too, in southwest Minnesota. Local gas station dropped their price from $2.09 to $1.94.

I'd think they were just trying to compete against other gas stations, but 15 cents is quite the drop.

 

[cronos]

i hope so. but i doubt it will be before the summer is over.