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Do you think gas prices will fall under $2 a gallon?

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asked Aug 10, 2015 in Automotive by LisaH (33,300 points)
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 Personally I hope that they will, but analysts also think that they will fall as well. [1] This is because of many different factors that all affect the price of gas. The first is the strength of the dollar on the foreign market, which is making gas worth less in the USA and more overseas.

Second are market changes in Iran, China, and Europe which are changing the supply, the demand, and the rate of production.

 

Finally, the time of year and changing demands that come with that time are all affecting the price as well. [2]

 

Reference 1:  http://www.dallasnews.com/business/headlines/20150804-analysts-gas-prices-could-fall-to-2-a-gallon.ece

Reference 2: http://www.thefiscaltimes.com/2015/08/10/6-Reasons-Gas-Prices-Could-Fall-Below-2-Gallon

answered Aug 10, 2015 by jesheckah (20,300 points)
selected Aug 15, 2015 by LisaH
You know the one thing that I think may keep us from going under the $2 mark is the state and federal taxes charged on each gallon.

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