LogFAQs > #381488

LurkerFAQs ( 06.29.2011-09.11.2012 ), Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear
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TopicAoD 989: In less than 2 years, gas prices in the U.S. will reach $5.00
red sox 777
09/25/11 9:13:00 PM
#21:


Hmm....

Agree. Demand in the US probably won't go up and might go down, with cars becoming more efficient, but it's a good point that gas demand from China and India will rapidly grow. I'm not sure that $4 really is a point where consumers start cutting back a lot on driving; I think it could be that oil was just a huge bubble in the summer of 2008, and the recession burst it. But now that it's back at $4, it might be there for good.

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