Does anyone think that gas prices will ever go down?

[Stevendsmith]

Sure, the price may go down a few cents. But a significant drop? I don't think so. The oil companies just keep raising the bar on the "average" price of gas.

I bring this up purely within the context of price-gouging, and not in the context of our disasterous dependence on fossil fuels.

[MADem]

1. No, this is the Monkey's legacy to those who haven't lost a loved one

in Iraq or the 'Stan.

See, he wanted to find a way to touch all Americans!

[bdamomma]

2. bush is screwing us in so many ways not only gas prices.

[slackmaster]

3. If you look at in constant dollars, probably yes

See http://www1.eere.energy.gov/vehiclesandfuels/facts/2005/printable_versions/fcvt_fotw364.html

[Hubert Flottz]

4. They will go even higher if the GOP keeps control of congress!

You ain't seen nothing yet!

[larrysh]

5. They will drop in September to $2.50 or so on average

and remain there till next summer, when the up up and away cycle begins all over again. It's a shame there's no way to de-list oil as a tradeable commodity on the commodity exchange. That would get the speculators out of it. Those guys buy and sell the same tanker of oil
4-5 times (generally to each other) before it even hits port. They make
money on each transaction, and we get screwed!

[liberal N proud]

6. Nope, everything else will go up as well

Everything but wages.

[Sherman A1]

10. Agreed

It will just ripple and ripple through the economy, corporate bosses will need huge raises and the workers will get screwed again and again

[LSK]

7. when Cheneys secret energy meetings are revealed

And when the Democratic Congress does something to oil companies.

[KKKarl is an idiot]

8. Never

I believe we will get the seasonal drops but it looks like we will never see the $1-1.50 a gallon range again. I remember when gas was only 88cents a gallon. That was only 5 years ago. Who had just finished their term of office at this time?

[newyawker99]

16. Hi KKKarl is an idiot!!

Welcome to DU!! :toast:

[Skelington]

20. wow, I haven't seen 88 cent gasoline sine the mid 80's

[Epiphany4z]

9. they may go down for

a short time...but I can't remember where I heard it...but heard Clinton said ...$5.00 in the next 5 yrs.

I sure hope I heard wrong.

[Ron Green]

11. They've been artificially cheap for a long time.

We built an unsustainable transportation system and a faulty land-use mentality on the promise of cheap oil, and higher prices are the "market" way to slow our thirst. I would prefer the "state" way, which would be rationing (perhaps with price controls) and new CAFE standards, etc.

[phreshaire]

12. And I thought the Iraq war was about cheap oil...

I guess Bush screwed that up, too, otherwise we'd have cheap gas by now! What a chump!

[jayfish]

15. No It Wasn't About Cheap Oil For You And Me.

It was about CONTROL of the oil for *'s petro buddies.

Jay

[newyawker99]

17. Hi phreshaire!!

Welcome to DU!! :toast:

[lectrobyte]

19. Why would oil company folks want to have cheap gas? Of course, they'll

probably trot out the propaganda that invading Iran would cause gas prices to drop, and their poll numbers will probably go up when they do so...

[Rosemary2205]

13. hahahahaha. Not a chance in hell.

[Homer Wells]

14. Temporarily!

I'm anticipating a pretty good drop around September, with all bets off after the first week in November.
This will repeat itself around September of 2008, and......well, you can figure out the rest.

:wtf: :banghead:

[RB TexLa]

18. maybe if China, Europe or North America

choses to cease to exist.

[lastknowngood]

21. The real question is will the dollar ever go back up?

n/t