Gas prices
 

Anybody willing to guess how high gas prices will be in year and 4 years. IMO $3.50 and above $5.00. So will say that good thing, and some will say its economy killer. It will affect everything, most all food prices. There will Alway be demand for crude oil and coal.

It will definitely go up, but don't worry......the national minimum wage that's going to go up will offset the cost.....:ohdear:

the worst it ever got for us was in Ct., with prices of 4.85. it's anybody's guess what it will be now, got to wait & see what the new climate director, of whatever, does. (if we stick to point, we should be able to discuss the thread further-am keeping names out.) it would be nice if we could keep current prices stable.:popcorn:

Ya can't keep spending billions and trillions without some source of revenue!!!!

Please try to stay on the topic and avoid turning this into a partisan or political discussion...or the thread will be closed.

It's worth a try to see if focus can be maintained....

Moderator

At least $ 4. They will put a large tax on gas so we can help people here illegally get free stuff.

Ever been to Hawaii?

Buy Oil and Refinery Dividend Paying Stocks. Your profits will far exceed your cost of gasoline.

The more you "clamp down" on something the more it rises in value. (Supply and Demand).

Windmills, Batteries and Solar Panels (are made of Oil)(Require Oil to be delivered and require Oil to be installed and maintained." The irony of "Clamping down on Oil".

No individual or even country controls gas prices. Oil is sold on the commodity market based on supply and demand. A lot of supply is controlled by Middle East countries including Saudi Arabi. Russia seems to have a hand in pricing also. We are a small player.

Yes, oil is a global commodity but the US is far from a small player. In fact, the US is the largest producer of oil in the world.

Your answer is correct BUT
 

let’s not a sensible answer get in the way of another conspiracy thread

Quite the opposite. We are the LARGEST player.

Top ten largest oil-producing countries in the world

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for now
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Matter of supply and DEMAND. People now more likely to work from home, travel is down, fuel efficient cars getting more prevalent etc. We in TV should have the least worries about gas prices. Since moving here I buy less than 10 gallons of gas a month for the cart and car gets filled(20 gallons)up once a month. Even if gas goes to $4 a gallon, this additional cost will be negligible.

Yep, when fracking no longer allowed, natural gas cheap right now, won’t be where fracking stops. Next step back to coal.

Not thinking about use. We no longer have to work for living.

Flew over it, but, no and don’t intend to.

We may be largest producer, but we keep pumping, others stop to get price up.

Yes, some of us do.

Since oil is a global commodity, if other nations cut production then the price for all goes up. However, supply and demand are pretty much in synch as storage is limited. Once you fill up all land based storage and tankers there is no place left to store excess production.

Always is an infinite time period and coal and crude oil are finite resources.

That is a partial truth that invalidates the conclusion.

I will also say $3.50 and $5.00 but worse there might be shortages as we lose energy independence in which case price could escalate to $8 per gallon. And it will be an economy killer as oil workers are laid off and the CPI prices see substantial inflation. Stagflation again.

Will any of you guys be around to complain about it! The Electric car is the future, get onboard ! Spend some of that Communion money....,

You are absolutely correct as it pertains to the pure commodity price of a barrel or unrefined crude oil. However, a country can greatly influence the price it’s citizens pay at the pump. Restrictions on refinement, mandating ethanol additives, traditional taxes per gallon, and the threat of green new deal carbon taxes are all examples of why prices at the pump could, and probably will, skyrocket.

You are all ignoring the taxation aspect of the equation. The government does not control the price of oil or gasoline but they can sure as hell raise taxes on both to pay for entitlements.

No, I don’t plan on living for ever. Where do you think electric going to come from?

Nuclear , Solar , Hydroelectric

Ride a bicycle.

Y'all just be glad you don't live in the UK - Gas (Petrol) has been over $9 a gallon for years and diesel even more.

Just stop whining.

In the last few years not only did the US become energy independent on oil but also was the marginal producer in the world. Based on the proclamations of the incoming administration, existing fracking operations and drilling permits will come under increased regulatory pressure to be downscaled or eliminated. The purpose is to reduce the carbon emissions.

The impact on the economy will be two fold. First the prices of all energy sources will go up which will restrain the growth of the economy and put a disproportionate burden on the poor and lower middle class.

The second and possibly the biggest hurdle to returning to the pre pandemic record low unemployment levels is that the US will lose its primary competitive advantage for manufacturing. This will be a major drag for jobs particularly in the Midwest which had seen a revival of sorts due to not only cheaper energy costs but the USMCA agreement, deregulations and protective tariffs.

Emissions in the world
 

While we lower our living standards to lower emissions the rest of the developing world including China will be burning coal and gas like crazy accelerating their growth past the USA. UGH!

Everything we buy will increase in price with the increase in fuel prices. Trucks deliver most of our needs.

Not true. USA is one of the worlds biggest producers and self sufficient.

Keystone Pipeline to stop
 

With the Keystone Pipeline being closed yesterday by the new president, prices will go up as the U.S. will have to purchase more oil from foreign countries. You can imagine what and why this is happening by following the money. And it puts a hardship on everyone when this happens especially the lower income and fixed income population.

Our gas in PA is $2.75 today!

My SSI will not off see the price

Excess of $5.00
 

Exactly, increased oil prices will cost jobs and stall growth. Someone mentioned wind turbines for power, 400 + gallons of oil per turbine changed at least annually. Oil based products for plastics. Transportation costs will increase. The port I worked at had 14000 trucks travel through the terminal daily, these trucks are supplying stores we shop at. All price increases and tax increases will be passed on to the consumer, Also with reduced US production we will allow the major oil producers begin to control the crude market again by making production cuts. All will spin into a cycle we all have experienced before. I will leave the national minimum wage increase for another day.

Thanks to all for staying on topic and not turning this the wrong way.

price of gas in four years
 

$2.25

Did you ever think about where the power comes from to renew those batteries? Might just be a gas powered power plant, and when gas prices go up so do power costs.

Rollie