The Free Talk Live BBS
Free Talk Live => The Polling Pit => Topic started by: mikehz on June 04, 2008, 12:29:37 AM
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Gas just hit $4/gallon in my town. It seems to go up and up, but sometimes just for fun it drops a bit from time to time. Some analysts think we're experiencing an artificial high due to speculators driving up futures markets. Others suggest that world-wide demand is driving the price ever higher.
Where do you think gas will be next year?
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Normally I would expect it to go up little more until about July, then settle back down to a little higher than it was that time last year. This time, though, I'm expecting it to go a bit higher than usual. I think it stays about $4
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There is an interesting Lew Rockwell article about how the author thinks the oil bubble will burst and the price drop for a variety of well-thought out, market knowledgable reasons. He convinced me that it will be going down again, thats why I chose "At least a buck less per gallon".
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Impossible to tell. There are factors pushing the price down - consumers and regulators have become more aware of the need to reduce demand and increase the supply. (Businesses have always been aware.) There are factors pushing the price up - growing world economy. Both, but especially the latter, are unpredictable.