Do you ever think gas prices will be back to normal?
Do you think that this just might be a phase that we are going through? Like could this be something they write about in history books? 4-5 years from now do you believe gas will 5 bucks a gallon, or do you think it will sometime be back to normal?
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RE: Do you ever think gas prices will be back to normal?
I doubt that the greedy hogs will ever let it get below 2.00 again. They may slow down the increase before they start working up to 3.00 then that will be the new low. This is what they have been after go up then come down a little then back up a little more. They want to avoid sticker shock. Now when it comes down to 2.25 ,if it does, people will think its a bargan. Legalized theft is all it is. Their profits are at all time highs.
RE: Do you ever think gas prices will be back to normal?
I can't see gas prices dropping below $2 per gallon, EVER. It just won't happen. The oil companies know that we will pay what we are paying now. We have to, there is virtually no way around it. I can even see the price of crude going down, and the US pulling all of the troops out of Iraq, and the price for refined fuel staying the same. The companies don't care, and will keep charging what we have been used to paying for the last X amount of years. I filled up today, and paid $2.87 per gallon. I am expecting the price to go up this week when we get another shipment of fuel to the gas station here in town. Chevron sets how much the fuel will cost, so its not like I can complain to the owner of the station either. I am expecting 87 octane fuel (the lowest we have here) to top $3 per gallon by the end of the year, if not by the first of November or so. Diesel is already $3.34 a gallon here, so who knows how high that will go, especially with Army saying it will keep at least 100,000 troops in Iraq until 2009, and there are a LOT of vehicles that the army uses that depend on diesel!
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Location: On an Island in the west coast of New England
Posts: 13,133
RE: Do you ever think gas prices will be back to normal?
It will get so bad that it will be the #1 issue in the 2008 election. After 8 years of this crap the Republicans might as well not even have a candidate because they won't win.Think about it. What single thing affects virtually all of America? These blown up prices will drive the average middle class or below person into near bankruptcy. The price of gas has remained pretty steady over the past several years. What has changed to warrant the dramatic increase that we are expected to put up with. Greed and political cronyism is bringing us down. I am sick of the rhetoric coming from Washington. Time to get our butts out of the Middle East and start to focus on America where we belong.
RE: Do you ever think gas prices will be back to normal?
I fear that yiou are correct. The Republicans will hang for this. Doesn't matter who is really to blame. The buck will stop with the current administration. As I said before, get ready for the return of the clinton twins, silly and billy. Hold on to your hunting guns. We won't need guns because the VILLAGE will take good care of us.
RE: Do you ever think gas prices will be back to normal?
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Neither do I, Cal. The one thing that Champlain Islander doesn't take in to the equation is the influence of the economies of China and India, both of which are expanding at near 10% rates a year, and both of which have over a billion people in their countries. I've heard that China has issued a "directive" to its industries that 25% of their energy will come from renewable sources by 2025. They know that the problem exists.
And, if you want us out of the Middle East, you'd better start preparing for those $100 a barrel prices, CI, becausetheWahabbi SunniMuslims will take over Saudi, and the radical Shiite Muslims (read:Iranian-backed)will take over Iraq, and then they'll start jacking up the price of oil even further than it is now.
I've got a feeling that after Labor Day gas prices will start to come down again. That, and if the refineries in the US don't have any maintenance problems that will force them offline for extended periods, such as the refinery fire in Philly two weeks ago, which affected 3% of the Northeast'sgasoline/heating oil supply.
But, ya know what would make it look like President Bush had his finger on the pulse of the nation? A suspension of the Federal excise taxes on all fuel products, whether they be heating oil, diesel fuel, jet fuel, gasoline, etc. The problem there would be that with the price dropping suddenly by18.4 cents a gallon, demand would skyrocket--and the untaxed prices would be right back up to the taxed levels.
More refineries would start to help the problem.[/blockquote][/blockquote]
Location: On an Island in the west coast of New England
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RE: Do you ever think gas prices will be back to normal?
I view the whole gas price problem as simply supply and demand. Oil companies are skilled at justifying the increases for any reason that they come up with. The long and short of it is the price skyrockets overnight but goes back down at a snail's pace and that is where they are gouging us. Supply and demand is an issue complicated by our presence in Iraq. How much of the increase is attributed to the millions of gallons of petroleum products flowing through the engines of our fighter jets, humvees, Bradley fighting vehicles, ships etc. Perhaps a Dem presidentin 2008 won't restore the price of gas quickly but if one had been elected in 2000 or '04 we might not be at war. Just a possibility that is food for thought.Yes the India and China economies are expanding but they are doing it at our expense. Who is buyingmost oftheir products...the USA. They build and produce things while paying less than minimum wages and we still buy them because they are cheaper than US made goods. Washington needs to do more to provide a level playing field. Our Government is allowing them to get a stranglehold on our economy. Just call a help desk for many of the large companies and you will be transferred to India where they are coached to have an American sounding voice. Those were our jobs but the large businesses switched them offshore and our government allowed it. Why...so the company could make larger profits and we lost the jobs. We do have huge reserves of crude and untapped fields especially in the far northern sections of Alaska. I am not for spoiling the pristine areas of our last wilderness but if it means running out of oil someday you better believe that drilling will start. I would rather drill in the wilderness than be stuck fighting a war we can't win to get oil. I know this is a different time and 911 really did change the way we react to things that occur in the world but meanwhile we are going down the tubes. Gas goes up and so they won't lose money even the taxis are placing a surcharge on their fares. Airline tickets go up, fuel oil goes up and the general costs associated with getting goods to market goes up due to trucking costs rising. The USA middle class consumer is the one that is stuck with paying for all this. The rich simply pass the increases on and you know who gets to pay.
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Do you ever think gas prices will be back to normal?
