Predictive News: Gas Prices
Holy Paradise
06-06-2006, 01:49
I am going to start this new little thing I call, "Predictive News". In it, I shall set up a news headline that could possibly be in the future, and you will predict whether or not it comes true. Here is the first one:
Early August, 2006
Gas Prices climb over 4 dollars a gallon!
Holy Paradise
06-06-2006, 01:50
Whoops, forgot poll. I'll make another.
StrangeWill
06-06-2006, 01:50
Late Sept:
Gas prices cost 400 bucks a gallon, people kill eachother for gas, scientists take their hydrogen cars and get the hell out.
Holy Paradise
06-06-2006, 01:53
Late Sept:
Gas prices cost 400 bucks a gallon, people kill eachother for gas, scientists take their hydrogen cars and get the hell out.
lol
Well, a little clarification: Do you mean prices will remain above $4 per gallon for an extended time, or will they briefly spike above that level due to a natural disaster like last year?
Personally, I think they won't. There is some significant oil and refining capacity coming on line over the next few years that will dampen prices, along with improvements in efficiency and conservation; gasoline demand in the US is hovering over the unchanged mark and any price spikes will knock it down considerably.
The trend going in to 2007 is likely to be negative for oil prices with the possibility of hurricane driven price spikes. I'm thinking around $2.80-$3.00 most likely, with a minimum of $2.40 and a maximum of $3.20 for regular unleaded.
So I say: No. Gas will not cost $4 per gallon by August
Ginnoria
06-06-2006, 01:56
November 12, 2006
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