Yes ,its very posssible the price of gasoline will go to 8$ a gallon.

Discussion in 'Energy' started by canuck27, Jan 20, 2011.

  1. canuck27
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    canuck27 Rookie

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    Should Iran be attacked by Israel .
    This will start a WW3 .
     
  2. uscitizen
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    uscitizen Senior Member

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    Ohh of course it will.

    Does this qualify as fear mongering?
     
  3. Mr Clean
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    Mr Clean Gold Member

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    Yes, one day it will be $8.00 a gallon just as one time it was 20 cents a gallon.

    The price of things go up. It's called inflation and it's a normal part of economics.
     
  4. Mr. H.
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    Mr. H. Diamond Member

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    Neither scenario is likely.

    But gasoline is already $8/gal in some European countries.
     
  5. waltky
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    waltky Wise ol' monkey Supporting Member

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    Does Obama Have Gas Price Answer?...
    :confused:
    Gas Prices Climb Toward $4; Time to Tap Strategic Oil Reserves?
    WASHINGTON, March 6, 2011 - President Obama Says for First Time He Is Considering Opening Reserves to Keep Prices Down

     
  6. Mr. H.
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    Mr. H. Diamond Member

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    SPR: Strategic vs Stupid.

    Rather than to protect our nation's strategic reserves of petroleum- squirreled away in the event of a catastrophic interruption of imports- our nation's President chooses to manipulate gasoline prices as a panacea to consumers, hungry for cheap fuel.

    Rather than encourage the domestic production of our own resources, our nation's President freezes economic development, jobs, and vitally needed revenues for the sake yet more imported oil by driving down costs which will only encourage more consumption by a hydrocarbon hungry economy.

    Strategy or stupidity?
     
  7. waltky
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    waltky Wise ol' monkey Supporting Member

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    Let's hope so...
    :confused:
    Analyst says the cost of gas may have plateaued
    4/24/2011 - National average for regular at $3.88, up 11.5 cents in the last two weeks
     
  8. uscitizen
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    uscitizen Senior Member

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    Be afraid be very afraid. It serves those in power.
     
  9. editec
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    editec Mr. Forgot-it-All

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    IN what time period?

    If it takes 20 years, probably no problem.

    If it happens in the next year?

    Well it won't.

    Wnat to know why?

    Because the economy would completely collapse before it reached that price.

    And when the economy collapses, so does the run up of pricing.

    But even $5 a gallon would collapse this weak recovery we're pretending we're having.

    Hell the current price is ALREADY screwing the economy.

    No I can't prove that, but in about 3 months we'll see the metrics that proves it is happening now.

     
  10. uscitizen
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    uscitizen Senior Member

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    Bingo!

    And yes gas will likely exceed $10 or more per gallon, in time.
     

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