Will it ever be this way again? 95 cents a gallon?

United States
July 13, 2008 9:49pm CST
Could it happen? Is it possible that if demand for gas fell at record lows, or the economy worked out in such a way that gas was 95 cents again, Could it happen? Is it possible? just maybe...
3 people like this
10 responses
@RDugas (247)
• United States
14 Jul 08
You have to take inflation into account, so it would be highly unlikely for it to go that low again. I personally dont think that it will ever go under $3 a gallons again. We are so dependent on it that even though most people are driving less, there will always be a need for it.
2 people like this
• United States
14 Jul 08
Well, you can look at it from to ways.. 1 Its like the U.S. stocks....Up...down....up...down...down...down..cough..cough Lol or 2 Its like the lottery.... You never know!! Lol
1 person likes this
@rbailey83 (1428)
• Canada
14 Jul 08
anything is possible, but i don't think we will ever see it that low, eventually it is going to come down to a car that doesn't run on gas, like the hydrogen cars, i think it has already gotten to far out of hand to be fixed, and the companies know that so they are going to take everyone for what they are worth while they can before it ends and they can duck out with their pockets full
1 person likes this
• United States
14 Jul 08
Im curious if this mafia will ever be x-posed after it all ends any ways...
1 person likes this
• United States
14 Jul 08
I dont think its the government, as much as it is indidvidual politicians like ( Bush..cough...cough) or senators, congressmen..cough...cough..
1 person likes this
@rbailey83 (1428)
• Canada
14 Jul 08
i doubt it, government has too much money tied up in oil companies
1 person likes this
• United States
14 Jul 08
With the way things are in this world today. I truly don't see it in my visions. I would say that "up" is the only way it knows how to go right now. Because of the rise of gas prices, the bus fare even going up here in Florida. WOW some people are toast. People that have cars are literally parking their cars to ride the bus, and people that ride the bus are now parking the bus to ride their bikes.
1 person likes this
• United States
14 Jul 08
Lol, so how much is the bus fare down there?
1 person likes this
• United States
14 Jul 08
So a 7 day pass is about 26.25? Or is it discounted?
• United States
14 Jul 08
It's going up this week from $3.25 to $3.75 for a one day pass.
• United States
14 Jul 08
Sure...it goes for about $0.45 in Saudi Arabia and $0.75 in Kuwait! Seriously, though, probably not until it's no longer in widespread use in cars anymore. At which point it wouldn't really matter anyway, but, still...
1 person likes this
• United States
14 Jul 08
Guess people will soon start to figure out that it wont be cost effiecient or practical to buy gasoline. And hopefully start acknoweledging alternative fuel sources!!
1 person likes this
@amrishkj (297)
• India
14 Jul 08
Well I dont think we will ever get to see that again in our lives unless another alternative fuel is found and suddenly there is fall in demand for gasoline, which we all know is not gonna happen. Moreover the crude which we have is dwindling everyday. God know till when will we have crude coming out. Unless an alternate is not found we are doomed big time.
• United States
14 Jul 08
Isnt it interesting how mankind has been so seduced by petro and its goods?Im curious to see what would have happened if we missed petro, and accidently went to alternative energy sources. Hydrogen,Air,etc...
1 person likes this
@aimseeker (112)
• Pakistan
14 Jul 08
well it can never be that again....rising prices means that reservoirs are finishing.....demand is high but production is less....it can only happen if they find some new reservoirs .......or the production go low...as production can't be lessened...so the only way is searching for more reservoirs...so just go for it!!!
1 person likes this
• United States
14 Jul 08
There come a time where everything has been exhausted. I think it would be kind of interesting if they started importing different fuel sources from different planets in the future...
1 person likes this
@elmiko (6630)
• United States
14 Jul 08
I think it could be like that but only with another fuel alternative.
@cjgrooms (4456)
• United States
14 Jul 08
Anything is possible but i seriously doubt oil companies and the goverment will ever let that happen so i wouldn't hold my breath if i were you (if you do your gonna look like a smurf).
• United States
14 Jul 08
Im not the only one gonna look like a smurf.. other people as well are looking for some desperate releif as well. I cant wait until winter, and heating costs are applied as well... Good thing I have a wood furnace!!! :)
1 person likes this
• United States
14 Jul 08
Smurffest, and most content. Lol !!
1 person likes this
@cjgrooms (4456)
• United States
14 Jul 08
I'll probably be the smurffest of all!
@shlooper (309)
• United States
14 Jul 08
I suppose its possible, but very very unlikely. First of all, we have to account for inflation, even before the massive fuel hike of the past few years, in 2000 gas (here) was roughly 1.20 a gallon. So the only way to get it down to 95 cents would be for nobody to want it, at all. And actually, at this point I think that is impossible. As soon as the price dropped, I think that people would begin hoarding fuel. I just don't see any plausible way to make demand drop to next to nothing.
• United States
14 Jul 08
It would be interesting though to see what it would take to get it that low again though.!
1 person likes this
@TantrooM (61)
• United States
14 Jul 08
From an economical stand point anything is possible. You could get 95 cents a gallon gas, however my hypothesis is that it'll reach 9.50 before it does this. What will happen is that when the price jumps higher and higher cars will have to be more and more fuel efficient, by 2010 any vehicle with less then 20 MPG will probably be worth less then filling its tank. As fuel efficiency increases, demand decreases, and as long as supply doesn't decrease faster then fuel efficiency then there will be a decrease in price. The 95 cent gas will come when cars are so fuel efficient that gas stations will have a hard time staying in business because their commodity is mostly unneeded, and gas is on clearance.
1 person likes this
• United States
14 Jul 08
Thats a pretty intersrin hypothesis i must say. Still, the end part doesnt make alot of sense due to the fact, that either way internal combustion engines are either way extremely inefficient. I think that unless they find a way to refine petro in such a way that its octane raises in excess of about 250-300% that is when u will see ur hypothesis come into affect. But it seems really realistic though...
1 person likes this