How low will gas prices go?

[stbartshopper]

I thought it might be fun to guess how low the regular gas price will go and for how long. Our prediction is $.99 a gallon and it will last for say 6 months and will occur in 2015. The winner receives a free view of a sunset from the island at the time and date of his or her choice.

 

[kent1994]

I thought it might be fun to guess how low the regular gas price will go and for how long. Our prediction is $.99 a gallon and it will last for say 6 months and will occur in 2015. The winner receives a free view of a sunset from the island at the time and date of his or her choice.

$.99 would require cuts in state and or Federal gas taxes.

 

[andynap]

No road repair either.

 

[MIke R]

2 bucks

 

[kent1994]

No road repair either.

This would be great time to raise taxes and fix our roads, airports and train stations.

 

[Bart -my real name-]

This would be great time to raise taxes and fix our roads, airports and train stations.

Exactly. Conservative, David Frum has been advocating that idea for years.

 

[Bart -my real name-]

Marshall, VA today

 

[stbartshopper]

Already at $1.99. How much of it are the gas taxes?

 

[kent1994]

Already at $1.99. How much of it are the gas taxes?

Each state is different. In Indiana Federal and state taxes are about 59 cents a gallon.

 

[rivertrash]

We have it as low as 2.08 here in Tyler, Texas today. A lot of our economy is oil and gas based, so not everyone here is giddy about these prices.

 

[MIke R]

A lot of our economy is oil and gas based, so not everyone here is giddy about these prices.

Oh I remember it well from the last time the Saudis did this s**t when I was working down there ........lost my job...lost my house .....and the only thing I got to keep was my company car....which blew it's transmission in Texarkana, of all places ,on my way back home ......not my finest hour :nightmare:

 

[kent1994]

I like the Saudis better when oil prices are low.

 

[MIke R]

I like the Saudis better when oil prices are low.

Except they re only doing this to cull out competitors and remind the world at the end of the day it is they who control the market ....and no one else

just ask Russia...and Venezuela

the downside of all this cheap oil is people will go back to wasting fuel and alternative energy companies will fall out of favor with investors .......until of course the next inevitable pull back in production/sticker shock pricing occurs .....and then the manic cycle of panic snd screaming for action will transpire again.........and the wheels of the bus go round and round

 

[Bart -my real name-]

You guys are doing great on gas prices. A quarter mile down the road they were selling it at 26¢ more per gallon ($2.50). Closer to DC it's around $2.60

 

[kent1994]

Except they re only doing this to cull out competitors and remind the world at the end of the day it is they who control the market ....and no one else

just ask Russia...and Venezuela

the downside of all this cheap oil is people will go back to wasting fuel and alternative energy companies will fall out of favor with investors .......until of course the next inevitable pull back in production/sticker shock pricing occurs .....and then the manic cycle of panic snd screaming for action will transpire again.........and the wheels of the bus go round and round

And Mike that is why we should not waste this opportunity to raise fuel taxes. Charlie Munger has always said we should import their oil until it runs out and then use ours.

 

[Reed]

You guys are doing great on gas prices. A quarter mile down the road they were selling it at 26¢ more per gallon ($2.50). Closer to DC it's around $2.60

3.75 on Nantucket. kr

 

[MIke R]

We need to do something to fix roads and bridges for sure.....

hey here s an idea

how about taking all that money which goes to fighting wars we can't win.... in the wrong country .....and to foreign aid .....and using some of that?


nah.....makes too much sense and the General Dynamics, Lockheed Martin, Haliburton DC lobby will have none of that nonsense

 

[MIke R]

3.75 on Nantucket. kr

isnt that amazing how Cape prices go? .....this past fall there was a 60 cent difference in gas price between Cumbys in P Town and Cumbys here in NH

 

[andynap]

Premium is $3 here. With a discount from my supermarket I paid $2.59

 

[kent1994]

We need to do something to fix roads and bridges for sure.....

hey here s an idea

how about taking all that money which goes to fighting wars we can't win.... in the wrong country .....and to foreign aid .....and using some of that?


nah.....makes too much sense and the General Dynamics, Lockheed Martin, Haliburton DC lobby will have none of that nonsense

You'll have to speak with Cheney who still believes the invasion of Iraq was a good idea.