When will gas be cheap again?

Answer 1

Gas will not be cheap again for a long long time. In fact, it might never be cheap again, no one really knows.

Dont jump to conclusions there so fast now. You might remember that back in Sep up to Dec of 08 during the race between McCain and Obama, gas prices fell significantly. This was a result of the McCain party threatening to drill in the US and utilize our resources rather than import them (oil) from countries who don't like us very much. This scared the other countries, therfore driving the price down of a barrell of crude down significantly. Remember gas fell down to nearly $1.35 a gallon? Luckily, it hasn't risen back to $126 a barrell. Anyhow, in the forecomming months, Jan-Mar 09' many refineries had started their yearly maintence turn arounds and shut downs, resulting in less gasoline being produced therefore keeping the prices high and actually raising them. Shut downs and turn arounds are a good thing. They ensure our fuel is clean, and they pour money into the local economies. Unfortunately, some of these refineries cant find financing to contiue their projects and have been forced to lay off many contractors.

Motiva of Port Author TX has one of the Largest CEP (Crude Expansion Project) of the last 30 years going on right now. Unfortunately they've spent all their cash on all of the new fractionator towers and Exchangers and have yet to find financing to continue the project and have been forced to lay off 4500 contractors in the past few months, discontinue per diem and many other benefits. Bectal Jacobs and Motiva project that the Expansion will pick up the pace by 2010. When the project is complete, this will result in an extra 12 million gallons of gasoline produced each day.

The main focus is here, that if we push our congressmen to push for utilizing our own resources, while we continue our reseach for alternative fuels, we can drive the price of foreign crude down, and wait for the new technowlagies the refineries are implementing to make our fuel costs even cheaper.

My educated guess will be that by Feb of 2010' we will see a drop in fuel prices.