When will gas hit $3.00 again, and how high will it go?

Hopefully it'll go pretty high because:

1. Stocks will probably simultaneously increase.
2. Our cars will look cooler.

Of course this is selfish reasoning...

But seriously, there is nothing wrong with higher gas prices. People need to realize the world does not hold an endless supply of oil. Hopefully, higher gas prices will encourage more people to switch to eco-friendly cars and/or save energy.

 

It already has in the Bay Area, but I suppose you mean the "national average". Probably summer, Labor Day weekend. Once the world economy gets going again, I suppose we'll see prices in the mid 3's to low 4's and then it will gradually go up 3-5% per year (10% spikes in the summer and retreating in the winter).

 

It's not? It has been 3.26 up here in Anchorage,AK and not any lower since the highs of 4.36 what about a 3/4 year ago or so. It is all relative.

 

I hope it goes to $4 a gallon. Not for selfish reasons. It will mean the economy is picking up again and we will all have lots of work. $4 is not so bad if unemployment lets up.

 

Huh? The world economy is based on energy, and for the moment that means oil and gasoline.

While higher prices do encourage innovative solutions like the Prius, it is in everyone's best interests (other than oil speculators and certain middle eastern Sheikhs) to have *lower* energy prices. overall.

I hope it doesn't hit $4 again, any time soon, but the recent rise in prices implies a $3 summer.

Chuck

 

I predict gas prices will rise because the government needs for it to increase, otherwise the public is not going to purchase "green" and electric vehicles. Low gas price encourage the public to buy SUV's, performance cars, RV's and other energy in-efficient vehicles.

Government Motors says they will make a profit in 2010. In 2009 sales were down 6% .... so it follows that if they are going to turn the trend around, we need a crisis. They will be unable to meet the new CAFE standards if the public continues to but gas-guzzlers.

The government is in a financial "hurt" and will raise taxes on gasoline. They are also talking about taxing consumers that drive excessive miles.

Just my hunch!

 

Its already $3 / gal for unleaded regular at a few stations in Sacramento. Historically, it usually starts to run up in mid to late February. Last year was an anomaly due to the near financial collapse; I think you will see a run upward this year. Oil stock prices have been rising lately; they rise on future expectations.

 

It's been around $3.039 in San Diego for the past week or so. I figure it'll be near $4 by July 4th.

 

I've noticed the price of gas creeping up consistently for the past month or so. It is about $2.75 per gallon now. I wouldn't be surprised to see $3.00 in another month or so.

Is it true that gas prices in Canada are fixed? The last time I was in Québec, every station had the same price.

 

Thank goodness I bought my smart it was the last used one left it was 3.82 in Orlando yesterday.

 

It's already typically about $3.05/gal here in Sonoma County. Seems like it's slowly crept up by a nickel or two over the last few weeks.

 

1. Sooner than we would like.
2. Higher than we would like.

/thread

Clearly, the solution is to have another global economic collapse.

 

Unfortunately, the cost of fuel may dampen any economic recovery.

 

At least increasing gas prices shorten your "hybrid penalty" timeline for those who actually care.

I was thinking of it in a Xzibit kind of way:

"Yo dawg, we heard you like global economic collapse so we put an economic collapse in your economic collapse so you can collapse while you collapse"

I should make one and post it here:
Yo Dawg / Sup Dawg - Xzibit Pimp My Ride meme jokes

Besides, it saved us a lot of money the last time:
CARPE DIEM: Falling Gas Prices Over The Last Month Will Save Consumers $156 to $188 Billion Annually

* All of this is meant to be a joke, in case it isn't blindingly obvious.

 

It's a $3.00+ now (where I am) and will continue to go up until 2012. Then, we'll throw the bum out and elect someone that will drill, baby drill! Then, we'll get back to $2/gallon and all will be well. Theres lots of oil, we just need to pump it out. Everytime "an expert" (read: media considers them an expert = liberal, pro eco agenda) predicts years left for oil, we reset, "find more" and add a few more decades. It will get more expensive to drill but its there.

 

(Bold emphasis added by me)

So that is going to make the price go down somehow? I'm not following that logic.

 

Christopher Steiner (2009) in $20 Per Gallon states that gas will dramatically go up in price sooner than later. A New York Times article states that the Chinese economy is brittle and too highly leveraged. Because China and India have a large and growing oil appetite, expect the cost of oil to rapidly escalate.