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January, 2025

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Will Gas Prices Go Down Again?

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skia4life89
Posts: 2400 - Karma: 172
The reason why I ask, is because back in 2009 or so, gas prices shot up. They got so high to the point where in my town people where freaking out and the lines to the pump where miles long. If I can remember correctly it stayed like that for about a month, then fell sharply after. Like all the way down to 1.90 something. I am just wondering if this will happen this time. I am not really looking for a political debate, just a straight answer.
Mar 9 2012 1:20PM
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act.resist
Posts: 8875 - Karma: 513
this
Mar 12 2012 10:29AM
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WikiWiki
Posts: 5584 - Karma: 426
Mar 12 2012 10:35AM
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KravtZ
Posts: 6637 - Karma: 2,627
i remember my first macroeconomics class....

False. Gas and oil don't really fall under the supply and demand theory because its something people are going to buy regardless of the price of it. Gas is going to rise and rise and fall a little but will never be back where it was
Mar 12 2012 11:03AM
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