Comments on: Where Will Gas Prices Bottom Out?

By: Jeremy

Jeremy — Wed, 14 Jul 2010 19:49:32 +0000

48% said prices would end up at or below $2.00 per gallon. i will probably go with them.

By: Lance Nelson

Lance Nelson — Wed, 03 Dec 2008 10:58:31 +0000

Interesting comment here regarding Obama stimulus package and what may be a bail out of the US motor manufacturers. This is a waste of money, as I think they should be consigned to history.

They should make way for new motor companies who will come in and replace GM/Ford. They were so slow to adapt to changing demand for more economic vehicles.

Despite what I said, the long term trend will be back up for fuel prices and that is why alternative fuels need to quickly become normal. Supporting old style manufacturers is not the answer.

In ten years we need to get to the stage where buying a petrol car will be considered “alternative”. i’m no green tree hugger. it just makes economic, environmental and political sense. By political I mean for us to be less reliant on energy from the middle east and elsewhere.

By: westenhaverj

westenhaverj — Mon, 01 Dec 2008 22:29:27 +0000

Actually, the last time that gas prices was this low was in 1973 — adjusted for inflation.

By: TrizzyTre

TrizzyTre — Sun, 30 Nov 2008 11:56:10 +0000

Gas will definitely fall below $1 per gallon within the next couple of months.

By: mrsb2oo7

mrsb2oo7 — Wed, 12 Nov 2008 00:18:00 +0000

Gas prices here in west Texas where I am have been below $2 a gallon for 2 weeks or so now which dont get me wrong has been extrememly nice I cant remember the last time it only took 35 bucks to fill up my mini van. But one of my biggest concerns or confusions is that I want to now what is going to be happening in the oil industry I mean this may be selfish of me but my husband works in the oil field hauling the rigs and I have noticed over the last few weeks that they have gradually been slowing down a bit. Which concerns me because we have 5 kids a mortgage etc. And his job slowing means trouble for us. Is this decline in prices etc going to affect his job??

By: Paul Curto

Paul Curto — Mon, 10 Nov 2008 18:32:40 +0000

We’re nearing the bottom now. The stimulus packages and Obama’s first 100 days will give us a free card for a few months. Then, all hell will break loose and prices will inflate.

By: Seth

Seth — Wed, 05 Nov 2008 15:03:29 +0000

I think gas should hit $2.00 a gallon or less
and stay there. but it will proby never hapen
if it doe’s I will be shoked. Same with diesel
because that is what I drive. If any body want’s to E-Mail me about my comet fell free.

By: Dawn

Dawn — Mon, 03 Nov 2008 23:55:44 +0000

They ARE too used to high prices… I think gas prices in my area (CO) will hover around 2.20-2.30 eventually

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By: Lance Nelson

Lance Nelson — Mon, 03 Nov 2008 10:11:06 +0000

I guess we may all be surprised what happens, but I think OPEC will struggle to constrain prodcution. They’re too used to high prices – they wont be able to help themselves pumping more oil out to get compensate for price drop.

My bet is fuel economy saving has now become habitual in the west. alternative investment up fast. demand down. china demand a little overdone – now recessions in US/UK etc. new exploration finds up too and eventually refinery capacity will increase too.

Markets over react so i see oil price going creeping lower before the next long sustained rally.

In UK and some of europe pump prices, due to tax, are double the US price. the change in car use has been spectacular.. slower traffic … less traffic and low emissions cars dominating sales.

anybodies guess but i think we are seeing the start of huge deflation in prices… should just trigger an economic recovery one day. Or am i just bored with the media doom and gloom?

Lance