How High Will Gasoline Get By 2009?

[JSojourner]

?

[Joe Biden 2020]

I think it will drop just a tad by this fall and stay around $3.00 or $3.20 for the winter months before going back to near $3.50 by next March or April.

Oil prices actually went DOWN last night.  Though, gas prices still went up a penny from a national average of $3.61 to $3.62.

The prices here in Oklahoma City are still hovering between $3.38 and $3.48.  At a gas station I use quite frequently, it actually dropped three cents over this past weekend from $3.47 to $3.44.

[Tender Branson]

1.40€ the liter, which is 9$ the gallon - if we assume the € will rise to 1.7$ ...

[MODU]

The last option.  Hey, I'm an optimist. 

[Fmr. Pres. Duke]

It will probably drop back down to $2-$3 when this whole thing gets straightened out. Just like the 1970s, it won't last forever, as much as the Democrats wish I would.

[MODU]

It will probably drop back down to $2-$3 when this whole thing gets straightened out. Just like the 1970s, it won't last forever, as much as the Democrats wish I would.

Well, not in the near-term at least.  With the discoveries of new oil in old wells (oil that wasn't accessible in the past), more oil will be available on the market in a few years.  However, the demand will forever increase on the global market, so oil will remain high.  What will help is the dollar rebounding and we get a few more refineries up and running and/or remove the rediculous production quotas in California.  Couple that with more garbage or coal-fueled power plants and maybe a Nuke plant, and you will see a sustainable drop for a good while.

[jeron]

It's unlikely that it will drop again like in the seventies, because there is an entirely different reason for high oil prices this time. Apparently most Middle Eastern countries cannot produce more oil than they do now. Of course new oil wells will be found, but it will be much harder and therefore more costly. Demand is also much higher and China is still developing.

[Ban my account ffs!]

It will probably drop back down to $2-$3 when this whole thing gets straightened out. Just like the 1970s, it won't last forever, as much as the Democrats wish I would.

Well, not in the near-term at least.  With the discoveries of new oil in old wells (oil that wasn't accessible in the past), more oil will be available on the market in a few years.  However, the demand will forever increase on the global market, so oil will remain high.  What will help is the dollar rebounding and we get a few more refineries up and running and/or remove the rediculous production quotas in California.  Couple that with more garbage or coal-fueled power plants and maybe a Nuke plant, and you will see a sustainable drop for a good while.

But you're not going to see refineries and coal-fueled power plants and all sorts of digging and prodding in our public protected lands...

[Verily]

It will be lower on January 1, 2009 than it is right now. Gasoline prices go up in summer and back down in winter. It will peak around $4.00 this year, decline to around $3.50 by next January, then be around $4.50 this time in 2009.

[Queen Mum Inks.LWC]

The last option - around $2.75.  Gas here in Mt. Pleasant, MI is $3.75.  Back home near detroit it's $3.55 (at least that's what my mom said earlier today).

[MODU]

It will probably drop back down to $2-$3 when this whole thing gets straightened out. Just like the 1970s, it won't last forever, as much as the Democrats wish I would.

Well, not in the near-term at least.  With the discoveries of new oil in old wells (oil that wasn't accessible in the past), more oil will be available on the market in a few years.  However, the demand will forever increase on the global market, so oil will remain high.  What will help is the dollar rebounding and we get a few more refineries up and running and/or remove the rediculous production quotas in California.  Couple that with more garbage or coal-fueled power plants and maybe a Nuke plant, and you will see a sustainable drop for a good while.

But you're not going to see refineries and coal-fueled power plants and all sorts of digging and prodding in our public protected lands...

Which is one of my few issues that I have with public land.  We "protect" so much land that wouldn't be touched anyway in normal development, so I don't see why we can't free up small portions for production.

[Angel of Death]

It will probably drop back down to $2-$3 when this whole thing gets straightened out. Just like the 1970s, it won't last forever, as much as the Democrats wish I [sic] would.

Because anyone who even mutters the words "peak oil" must be a conspiracy nut, right?

[2952-0-0]

Option 7. Oil production has basically been flat at a time when demand has been going higher and higher. New discoveries are happening much less than oil fields are being spent. From now on all the new oil will be dirtier and require more energy to refine. It's not the end of oil, but it's the end of cheap and gushy oil.

Something is going to give.