Prediction-How long till $3.00/G Nat'l average?
 

How long will it take?
I'm thinking 6-9 months.

Re: Prediction-How long till $3.00/G Nat'l average?
 

Ok - is this sustained, or seasonal ?

My predictions (I'm waiting to vote until I get clarification, btw...lol)

Seasonal - it'll happen by July of this year. With or without a major Hurricane disrupting production / refining / delivery.

Sustained - it'll be here by this time next year, or by next Summer at the latest.

We're at $2.40 or so now...at 18% avg annual increase the last couple of years, that would put us at about approx. $2.85 in 1yr from today, $3.34 in 2yrs.

I do subscribe to the Peak Oil way of thinking - that's why I traded cars recently.

Re: Prediction-How long till $3.00/G Nat'l average?
 

Your prediction should be for sustained $3.00 per gallon, never to be below that level again. Just like our $1.00 and $2.00 of not-so-long ago.
GreenAndBlue I bought my car in January of 2004 when gas raised to $1.25/g because I believed it wouldn't be long until we paid $2.00/g ;)

Now we're pushing $2.50. Most folks agree the increase is seasonal....but typically they raise it alot, then back off a little for an overall higher new price.

Re: Prediction-How long till $3.00/G Nat'l average?
 

Ahh, in that case I guess I voted wrong. Gas will cost over $3 nationally by June or July (definitely by July 4th) but I think that we will probably dip back into the $2.70-$2.90 range for a few months after the summer driving season. The following summer will probably be just a touch under $4 and we will never see <$3 again. Supply is not increasing and demand will not start to decrease unless some really dramatic changes take place. Predicting prices 5 years into the future scares me. You lucky SOBs and your hybrids...

Re: Prediction-How long till $3.00/G Nat'l average?
 

I see it this way:

- limited supply, lack of synthetic oil infrastructure
- inadequate efficiency efforts, burning so there will no tomorrow
- growing demand, bicycles become motor scooters become cars
- stronger storms threaten offshore production

Bob Wilson

Re: Prediction-How long till $3.00/G Nat'l average?
 

To quote DJ Jazzy Jeff and the Fresh Prince, "Summer summer summertime..."

Re: Prediction-How long till $3.00/G Nat'l average?
 

My prediction is that it will max out around $3.25 for the summer and then "miraculously" drop back to $2.25 just in time for the November elections. If more Republicans get elected, it'll be up to $3.00 almost overnight. If we get democrats, gas will probably remain in the $2-$2.50 range.

The wildcard is Saudi Arabia. If this country falls to the terrorists, we'll see $10/ gallon.

Re: Prediction-How long till $3.00/G Nat'l average?
 

In Houston, I'd say definitely three months. With Hurricane Season starting in June, combined with our switchover to E10 and the issues associated with that switch, it will be at $3 by June.

Jeff

Re: Prediction-How long till $3.00/G Nat'l average?
 

We're hovering around $2.50 right now and it's only March. It'll be $3.00 by summer.

Re: Prediction-How long till $3.00/G Nat'l average?
 

East coast = no easily available ethanol, plus summer driving. 3 will be the new 2.25, which was the new 1.50...
We're at 2.50 in MD/DC now.
The barrier was already broken, so the psychological impact won't be as harsh this time. Makes it easier to bear keeping it over 3 for an extended period, too.