Perrysburg Dodgeboy wrote:
. . . I give it until the end of December tops and we will see fuel prices steadily go back up until we are back to over $4 a gallon . . .
Don
dodge guy wrote:
. . . I don`t see gas going up over $4 a gallon for some time! there is a surplus of oil and gas sitting around because there are so many more fuel efficient cars on the road. and there are only going to be more! If anything the price of gas will drop some more and stay around $2 a gallon. it may fluctuate a bit, but not much!
IMO, $100 oil is unlikely. From everything I'm reading, there's nothing to indicate oil will go higher than $50-$60 through 2017---unless there's a major disruption in middle east oil production. The US/Canadian shale oil reserves (producing or not) serve as a formidable firewall against any significant OPEC manipulation of the US market going forward.