Rising gas prices: how high will they get this summer?
By kingcrapper
@kingcrapper (1536)
United States
2 responses
@richiem (3644)
• Philippines
1 Jun 08
i think what can make the prices of gas rise higher than usual is the buying habit of gas users.
some buyers tend to panic buy, or buy more than they usually need, when they knew that the price will rise the next day. i think this is not good because this displays that there is a greater demand for gas than normal.
if the demand goes high (and the supply is low) the tendency of producers is to rise the price more.
i think there is no need to panic buy. if we buy just regularly, the prices may go up more slowly.
@smacksman (6053)
•
31 May 08
You have a bit to go to get to $10+ a gallon (and rising daily) that we have in the UK.
I read that the price could at least double before it starts to level out or come down.
But we all know that when the price of crude goes up the pump price follows closely. When crude comes down the pump price drops a little bit! haha