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Old 05-21-2008, 11:27 AM   #43 (permalink)
JimmyHiggins
Senior Member
 
Join Date: Nov 2003
Location: Ohio
Posts: 133
Default Re: Global Gas Prices

Quote:
Originally Posted by IamIan
We will just have to wait and see... and then bring this thread back and see where things are by then.... given current trends I am expecting ~$5 per gallon by ~2010 as a U.S. Average gas price.
Average sustained price perhaps. But we are a busy hurricane season away from $5 a gallon this year. We are at $3.89 nationally and there are no shortages. Stockpiles are good, crude oil isn't under a shortage. Have one bad thing happen, and gas will jump up again.

This speculation is nuts, but it is putting serious fire under people's butts that we need to do something about our oil consumption. If we could lower our oil consumption by 50%, we would lower our need of imports by 83%!!! We could become nearly self-sufficient in supply. Oil would still be pricey, but we'd have our destiny more in hand.
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