What Are Projected Gas Prices For the Future
Will gas prices ever go down? That is the question that is on the mind of just about every car owner but also many business owners too. It might come down a bit but the chances of it returning to the levels of around a year ago are unlikely. Everyone is feeling the pinch, especially individuals who rely on their cars to commute to work but can't justify spending large amounts on gasoline bills.
One reason for a possible decrease may be that the demand lessens. People will travel less or car pool more effectively. Cars may become more efficient with new fuels appearing on the horizon. Thus supply and demand factors will consequently keep prices stable, even if on the high side.
With this said, requirements for refining gasoline to make it more clean-burning prevent gas prices from ever falling significantly, and the emission standards set by law continue to become stricter. Oil Refineries will require more capital to expand and do routine maintenance to keep up with demand. You can be sure that oil companies will first point to these reasons for rising fuel prices.
It seems unlikely that the government will step in to help reduce gas prices, because there are simply too many competing political priorities. Indeed, if gas prices are to come down, it will happen because of ordinary people tired of waiting for gas prices to go down.
Rising prices will make people drive less and be more frugal with their money which will impact the economy negatively. As food becomes more expensive, people tend to buy more unhealthy processed foods with lower price tags, resulting in more health issues. This in turn could trigger larger insurance premiums and bigger health care bills. People will need to start planning and consolidating trips to maximize fuel economy and efficiency.
The most important thing people can do is to work the democratic process. Make sure your voice is heard by your elected officials. Everyone can complain to their friends and family but contacting your elected official can initiate real change. After all, your tax money pays their salaries, so they should be working for you to represent your interests. The problem is that they are also listening to oil lobbyists, but hearing from their constituents in a large group can make a difference.
So will gas prices ever go down to more comfortable levels? Who knows, there are many factors that seem to influence the price, that it seems unlikely that they will all change to bring the price down. However, with your opinion added to the growing numbers of people who want change, our country's leaders may pay attention and take action to put a halt to the out-of-control, upward spiral of gas prices. - 21392
One reason for a possible decrease may be that the demand lessens. People will travel less or car pool more effectively. Cars may become more efficient with new fuels appearing on the horizon. Thus supply and demand factors will consequently keep prices stable, even if on the high side.
With this said, requirements for refining gasoline to make it more clean-burning prevent gas prices from ever falling significantly, and the emission standards set by law continue to become stricter. Oil Refineries will require more capital to expand and do routine maintenance to keep up with demand. You can be sure that oil companies will first point to these reasons for rising fuel prices.
It seems unlikely that the government will step in to help reduce gas prices, because there are simply too many competing political priorities. Indeed, if gas prices are to come down, it will happen because of ordinary people tired of waiting for gas prices to go down.
Rising prices will make people drive less and be more frugal with their money which will impact the economy negatively. As food becomes more expensive, people tend to buy more unhealthy processed foods with lower price tags, resulting in more health issues. This in turn could trigger larger insurance premiums and bigger health care bills. People will need to start planning and consolidating trips to maximize fuel economy and efficiency.
The most important thing people can do is to work the democratic process. Make sure your voice is heard by your elected officials. Everyone can complain to their friends and family but contacting your elected official can initiate real change. After all, your tax money pays their salaries, so they should be working for you to represent your interests. The problem is that they are also listening to oil lobbyists, but hearing from their constituents in a large group can make a difference.
So will gas prices ever go down to more comfortable levels? Who knows, there are many factors that seem to influence the price, that it seems unlikely that they will all change to bring the price down. However, with your opinion added to the growing numbers of people who want change, our country's leaders may pay attention and take action to put a halt to the out-of-control, upward spiral of gas prices. - 21392
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