Will gas prices ever go down? That is the question that is on the mind of just about every car owner but also many business owners too. It might come down a bit but the chances of it returning to the levels of around a year ago are unlikely. Everyone is feeling the pinch, especially individuals who rely on their cars to commute to work but havent the extra cash to spend on a larger gasoline bill.
Reduced demand for gasoline will need to come from greater fuel efficiency, reduced driving mileage, and the development and deployment of new types of fuel. Supply will then come into balance with demand, keeping gas prices at a stable, if relatively high, level.
However, one reason that gas prices will remain high is that oil refineries will continue to spend millions of dollars finding new ways to refine gasoline so that it burns more cleanly. This is so that it can comply with the stricter emissions standards required. They also have to train personnel and to conduct research and development for future advances.
It seems unlikely that the government will step in to help reduce gas prices, because there are simply too many competing political priorities. Indeed, if gas prices are to come down, it will happen because of ordinary people tired of anticipating will gas prices ever go down.
Rising prices will make people drive less and be more frugal with their money which will impact the economy negatively. As food becomes more expensive, people tend to buy more unhealthy processed foods with lower price tags, resulting in more health issues. This in turn could trigger larger insurance premiums and bigger health care bills. People will need to start planning and consolidating trips to maximize fuel economy and efficiency.
The most important thing people can do is to work the democratic process. Make sure your voice is heard by your elected officials. Everyone can complain to their friends and family but contacting your elected official can initiate real change. After all, your tax money pays their salaries, so they should be working for you to represent your interests. The problem is that they are also listening to oil lobbyists, but hearing from their constituents in a large group can make a difference.
It seems unlikely that gas prices will ever fall to the levels that they once where. When something goes up, it never seems to go down does it ? However, the groundswell of people seeking change may force our nation's leaders to devise strategies to keep prices from rising further. and it may also convince them to put some long term strategies in place to ensure that the country is not as dependent of gas prices as it currently is.
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