[Tom M]

There are sites out there that track long range oil futures and predictions on oil prices. In 2010 oil prices were over $100/barrel.

According to sites I've seen, they aren't projecting oil prices that high again for at least the next 10 years.

That may be in part due to generally lower demand and significant supply. Improving fuel efficiency in the U.S., lower fuel usage as some of the impact of 2020 working from home will become permanent, and growing trends toward hybrid and electric vehicles.

On the flip side, taxes on gas will continue to rise and may become the major part of the cost of fuel. Not sure how they're going to have electric vehicles pay tax for road use, but something will have to evolve on that front eventually.

Outside of dramatic tax impact, I don't see any reason why gas prices should be over $3.50 in the next 4 years. IMO.

"Don't believe everything you read on the internet" -- Abraham Lincoln

[Moderator]

This thread has gone off the political deep end. TOTV is not the forum for political discussion. Please take it somewhere else.

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