Quote:
Originally Posted by megatanman  No way unity,you will never see 2.20 a gallon,maybe 3.00,but nothing less.
The dollar is way to weak.If the dollar was as strong as it was 10 years ago,then maybe 2.20 or even 2.00. |
Maybe, but you would be surprised. If speculators are driving the price of a barrel to OVER twice its actual cost, I think a crash of the speculator market would drop it by a large amount. Dropping it to its real market value would be great and that would actually cut the price in half and bring gas into line of $2.00 to $2.50 a gallon. I know that sounds extreme but just think how much gas has inflated over the last ten years. Its quadrupled!
Here is someone that knows a little about markets but I am sure some will call a nut. Good ol' Newt:
http://youtube.com/watch?v=UOpcPfAarjY