Gas prices this time next year?

Buckeye Oliver collector · Sep 13, 2008

Anybody want to take guesses? Assuming not everyone will be bankrupt by then, but it never comes to that, at leats it hasn't before. I know, its about as unpredictable as the weather. So what do you think, $3, $4, $7?

Anonymous-0 · Sep 13, 2008

If gas hits $7 the country will probably fall into lawlessness. This is going to be a very interesting winter here in the north.

I think trying to speculate what the price of oil will be a year from now is pretty much a lost cause. I do believe the oil industry is going to keep the price high, since they discovered Americans will still buy gas at $4 a gallon. Oil was headed back down, so Opec just announced they were cutting production by half a million barrels a day and now these hurricanes are hitting the gulf coast so prices are going up again.

Anonymous-0 · Sep 13, 2008

The price will be just high enough to gouge but low enough to discourage alternatives or conservation. True since 1973

Dave from MN · Sep 13, 2008

If we quite using such high volumns for recreation and driving the BIG suv's just to run to town and grab a movie it wold help. As would opening up for drilling SOME of what we have. Oil is down to $106??? Gas dropped about $.30. If oil jumps up to where it was or higher I would say we will see gas at $5-8 a gallon sooner than next summer. I personnally am prebuying 1000 gallons of gas and 1000 gallons of diesel from first fuel banks this next week. If prices drop I save the prepay for when the price goes up. Heck, banks are only paying 3-4% interest, gas prices increase mote thatn that every year it seems.

RayP(MI) · Sep 13, 2008

Suggest you wait until the refineries and production facilities come back on line after Ike blows over. Prices are jumping right now.

rrlund · Sep 13, 2008

What happens November 4th will be a big factor. There's a limit,as we've recently found out. At a certain point,people just won't buy and will do something different. For that reason,we'll never run out of oil. It will just get so expensive,nobody will be able to afford it. I'm not jumping on the band wagon for alternative gimmicks. I lived all of this before in the 70s. That's not to say that I won't take advantage of an opportunity,like buying homemade bio diesel for $3 a gallon.

Dennis (VA) · Sep 13, 2008

Circus

You are so right!

Steven f/AZ · Sep 13, 2008

I can tell you this much from my records...

Average cost of fuel in 2006 was $2.53, 2007 was $2.76, 2008 so far for us is $3.52.

I can live with the $0.25 increase from 06 to 07, but the $0.75 increase from 07 to 08 has been tougher to swallow. We are driving fewer miles and spending more money to do it! In 06 we put on nearly 25,000 miles at a fuel cost of $1900, in 07 nearly 20,000 miles at a fuel cost of $2100, and this year we have put on 13,354 miles at a fuel cost of $2033 and have three months of driving left!

Having said all of that, spending $25000 for a new hybrid car that averages 45 mpg will only save us 1/2 our fuel cost as we are currently averaging about 23mpg between the two vehicles... At current fuel prices and our use, it would take us 25 years to pay for the new car!

Anyway, [b:8fb9a14104]I'm guessing average fuel cost for us in '09 to be $4.50 per gallon[/b:8fb9a14104] - or at least that's how I'm going to budget for fuel.

kendak · Sep 13, 2008

$ 5.14 for reg. in Jackson MS. yesterday...cash no cards or checks....Kent

Gas prices this time next year?

Buckeye Oliver collector

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Anonymous-0

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Anonymous-0

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Dave from MN

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RayP(MI)

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rrlund

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Dennis (VA)

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Steven f/AZ

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kendak

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