Time to buy a Hybrid?

[Driven1]

no, there will not be $8 gas within a year.  $4.25/gallon by December?  sure...but no $8 gas (european prices) within 12 months.

average price still around $4.05/gallon.  $4.25/gallon by December?  sure...but no $8 gas (european prices) within 12 months.

[civil42806]

no, there will not be $8 gas within a year.  $4.25/gallon by December?  sure...but no $8 gas (european prices) within 12 months.

average price still around $4.05/gallon.  $4.25/gallon by December?  sure...but no $8 gas (european prices) within 12 months.

Blast from the past to just bump this thread up.  Dangers of predicting the future

[Driven1]

extremely dangerous!!  caution!

and...we aren't there yet (and actually a big rally in oil today), but it looks like i was right - no $8 gas on the horizon! 

[David]

i've never been happier about the predictions being wrong.

Gas is below 2 bucks a gallon in some parts of the country

http://www.ireport.com/docs/DOC-127394

I will predict that this will be short lived though.

[Driven1]

i'm with you on both accounts David...feels good to fill up and know that you just "saved" $20+ right?

[Jason]

Gas was $2.35 at I95 and CR 210 yesterday.

[RiversideGator]

Ah yes.  Another Stephen Dare sky-is-falling special.  I hope no one invested in oil futures on the basis of these predictions.   

The reality on October 30, 2008:
6 states now have gas prices back below $2 per gallon.

Sixth State: Kansas Gas Prices Fall Below $2

Now Kansas, following Iowa, Tennessee, Oklahoma, Texas, and Missouri.

http://mjperry.blogspot.com/2008/10/sixth-state-kansas-gas-prices-fall.html

[Driven1]

Its too bad that the availability of the oil (resulting in lower prices) is totally dependent on the fact that global economies crashed and cut the demand drastically.
So river, I would definitely enjoy the cheap gas.
Too bad that it is based on such massive failure.

but stephen - along with $8 gas, you have also (simultaneously) been predicting "massive failure".  how did you know about the "massive failure" and miss the gas price prediction?

remember when the Dow hit 7900 and you said it was "destined" to hit 6,000 and flatten out?  it's back up over 9,000 now.  and gas is back to under $2 in some parts of the country.  and GOLD!!  gold is back down to about $700/oz (down 30%). 

[Driven1]

i will take your advice on waiting to snicker further my friend.

[Coolyfett]

no, there will not be $8 gas within a year.  $4.25/gallon by December?  sure...but no $8 gas (european prices) within 12 months.

average price still around $4.05/gallon.  $4.25/gallon by December?  sure...but no $8 gas (european prices) within 12 months.

Blast from the past to just bump this thread up.  Dangers of predicting the future

Aww the digging up of the old topic game!! Yaaaaaaay let's play!

I still think that Hybrids and electric cars are the way to go. I figured a topic about the new gas prices would be created, but this will due.

I have not changed my driving habit at all. All of the sudden the gas is dropping before elections AGAIN...never seen that before!

Didn't the stock market just crash or something a few weeks ago? Sounds like the greedy are trying to get some of their money back.

Gas engines still pollute the air, mass transit is still very very important. Anyone that is pro mass transit should not change the agenda.

Gas Prices fall all of a sudden??? hmmmm I'm not biting. I'm swimming around that hook. My gas tank is full but I still using the MARTA....No joyriding for me.

[Bostech]

Calm before storm.

Anyone involved with oil is scared of people moving to electric and hybrid cars so they cut prices to stop or slow down that movement,once electric cars hit streets in mass numbers things will get ugly for oil business.

Almost everyday around world there is introduction of some new kind of electric car,by 2011 we will have numerous models to choose from and by 2015 it will be common on roads,by 2020 electric and hybrid cars will be mainstreem.
That's BAD business for oil companies.

[heights unknown]

If $8.00 per gallon gas becomes the norm, I think it will be because of oil scarcity or an enormous cut in production; I really don't think that $8 per gallon gas will become the norm because of consumers flocking to other vehicles with alternative fuel sources/resources that will drive them, etc.  If cars, vehicles, etc. start running on other energy sources, in my opinion this will lower the price of oil even more because of a severe cut in consumer consumption; the oil companies will lower those prices in the hope that this will drive those consumers who still operate oil fired vehicles to gas up and consume more, and also to lure consumers to purchase oil fired vehicles (if they are still available and are still an option) vice vehicles that run on alternative fuel sources.

Heights Unknown

[heights unknown]

As long as predictions and/or facts relative to a sluggish and destitute economy, along with extemely low consumer demand remain the norm, we will continue to see low gas prices.  As soon as the economy improves and consumer demand and interest improves, gas prices will once again rise, hopefully not to the 3 or 4 dollar a gallon range; also keep in mind that natural disasters, catastrophies, wars, etc. will also cause gas prices to rise or skyrocket...so never say never or never on anything in these troubled and unpredictable times in which we live!

Heights Unknown

[civil42806]

I didn't mean to slam anyone by resurrecting this thread, and wasn't meant as a slam against you Stephen. Just the problems with predicting the future , this is the second crash of gas prices that I've seen, last one was back in the 80's.  The fact is a certain price of oil pricese is not sustainable.  We have seen what that level is now.  The question is what role did the oil prices play in the financial slowdown or did the financial slowdown cause the decreased demand in th oil.  Somebody smarter than me will have to figure that out.

[Driven1]

this drop in oil is only temporary.  oil has limited downside through mid 2009 I think and dramatic upside. 

back page of "Money & Investing" section of the WSJ is a little article about how the dramatic drop of oil is only for NEXT MONTH DELIVERY.  there has only been a very small drop in delivery orders out more than 3 months.  articled intimated that 2010 & 2011 may be banner years for oil prices.